Question 4 [25 marks] Please, refer to exhibit 5, and your answers from Question 3. 1. Calculate the residual income (RI) and free cash flows (FCF) for projected years in exhibit 5, and estimate an appropriate perpetual growth rate for both RIs and FCFs to apply for perpetual cash flows beyond 2007. (5 marks) 2. Using the RI, FCF numbers and appropriate growth rates you found above, please, calculate the value of equity for Iridium LLC. (5 marks) 3. Calculate the equity value and enterprise value for Iridium LLC. (10 marks) 4. Explain, any disadvantages of three values you have calculated previously. What changed would you propose to improve the quality of valuation