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Step 4. Cash ow forecast a. Based on the above three steps, nd the FCFF from year 1 to year 10. b. The cost of

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Step 4. Cash ow forecast a. Based on the above three steps, nd the FCFF from year 1 to year 10. b. The cost of capital we get in Step 1 should be the current cost of capital. As the rm moves to the stable growth, the cost of capital will also change. We assume, from year 1 to year 5, a cost of capital equal to the current cost of capital. From year 6 to year 10, assume the cost of capital will linearly reduce to the stable cost of capital, with the stable cost of capital: Current cost of capital -l%. Please ll in the cost of capital in Excel \"Valuation Output\". c. Calculate the value of equityr'share using all the information above

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