Question 4. (8 points) You want to invest in TripleStageDarkness (TSD), a brewer of Russian Imperial Stout beers. TSD is expected to generate sales of $60 million next year. Other expectations for TSD are: costs of goods sold as 42% of sales; SG\&A as 14% of sales; depreciation as 7% of sales; and capital expenditures as 8% of sales. There is no expenditure on Net Working Capital. The tax rate is 23%. What are your FCFs expected to be next year? If you demand a rate of return of 12% on your investments and TSD's free cash flows are expected to grow by 4% forever, how much should TSD be worth today