Question 9 5 pts COVID-19 test Inc. plans to become public soon. The board of directors would like to know the value of common equity and have asked for your opinion. The firm has $1,126,487 in preferred equity and the market value of its outstanding debt equals $2,849.980. The WACC for this form is estimated to be 10.59%. For this example assume the current assets are dero. Use the DCF valuation model with the expected FCFs shown below:year represents one year from today and so on. The company expects to grow at a 2% rate after Year 5. Rounding to the nearest penny, what is the value of common equity? Period Free Cash Flow Year 1 $1.111,682 Year 2 $1.176,553 Year 3 $1.744,462 Year 4 $2.471.258 Year 5 $3.445.899