Question B1 Zoneamo Ltd has an outstanding number of shares and net debt by the end of 2022, 8,500 and 2,970 , respectively. The company forecasts its next four years' cash flows (in millions) as follows: The free cash flow will grow at 3 per cent after 2026. The company requires at least a 9 per cent return for the investment. You are required to provide information to management on the following: a) The firm's enterprise value at the end of 2022. (3 marks) b) The value of the equity at the end of 2022 . (1 mark) c) The fundamental value of a share. (1 mark) d) An appropriate investment decision is if the market price per share is $2.23. (1 mark)