You are using WACC to value a firm and you have detailed free cash flow forecasts for the years 1 through 5. You estimate that steady state will be achieved after 5 years and your estimate of FCF in year 5 is $10 Million. The WACC is 10.0% a. What are your estimates of terminal values for the following alternative perpetual growth rates 3.0%, 4.0%, 5.0%, 6.0%, 7.0%, 8.0%, and 9.0%? What is the present value (in year 0) of the highest terminal value? What are the EBITDA multiples of your terminal values in year 5 if you estimate that EBITDA in year 5 will be $19 million? Your colleague, Peter Dodd, suggests that the TV should be based on EBITDA multiples and he recommends an EBITDA multiple of 15. What does that multiple imply that the perpetual growth rate of FCF will be? b. c. d