Question 3-Valuation (50 Marks) Calculate the share price for company DEF using 2 methods: (1) is retired after 10 years- with linear amortization) WACC and (2) APV (note: for APV assume debt Assumptions . Sales (for the last fiscal year): $555M e Years 1 to 10 EBIT Margin: 16% Depreciation and Amortization: 5% of sales CapEx: 10% of sales working Capital: 2% of sales o Sales growth: 4% per year (Years 1 to 5) . Sales growth:3%peraear1+)Perpetual(Long-Term) FCF . Terminal Horizon (Years 119: Perpetual (Long-Term) FCF growth rate (8-1%) Tax Rate: 30% . WACC: 12% .Net Debt (att 0): $125M # of shares: 10 Million KOF 3.5% (with leverage ratio "D/E"-30%)