The Home Appliance Industry had free cash flow to equity (FCFE) of $87 million for the most recent year ending reported yesterday. The industry anticipates a growth rate of 8% for the next three years due to favorable economic conditions. However, the growth rate is expected to decline to 4% after three years and remain at that level indefinitely. The required rate of return is 12% for this industry a) Calculate the FCFE at the end of the 8% growth period three years from now b) Calculate the intrinsic value of the Home Appliance Industry today