What discount rate is appropriate for finding the value of Artforever.com, and what are the relevant cash flows for valuing Artforever.com? Assume that yourvaluation is performed at the end of $2017,$and that the values shown in Table $1$are end of year forecasts.

$$Based on your answers above, what is the maximum price that Neuqu$$n should pay to equity shareholders for Artforever.com?

Under what conditions might you consider recommending that management make a higher offer than your recommended price?