Use the Information below to answer the next three questions: 2018 2019 2020 2021 2022 EBIT 4.3 4.1 4.8 5.11 5.3 Depreciation 1.1 1 1.5 1.6 1.9 Tax 1.29 1.23 1.44 1.53 1.59 Net Capital Spending 0.80 0.90 1.20 1.16 1.20 Change in NWC 0.25 0.45 0.35 0.55 1.05 For Company ABc,the projected cash flow components (in $mil) for the next five years are as follows WACC is 6% and the growth rate is projected to be 3% for free cash flows during the horizon period after 2022 Using mid-year convention method Q10. What is PV of terminal value based on perpetual growth approach? (10 Points)