Question 5 Valuation {1D Marks} The terminal value usually accounts for at least 23 of the Enterprise 1value. It is particularly important to understand the sources of variability and error in this calculation. a) Briey explain three major factors which must be considered when calculating the terminal value. 6 marks in} Provide two circumstances in which two stage free cash ow valuations are used. it"t-'hyr can a two stage free CF calculation be a better way to estimate value? 4 marks