You are valuing PrasmulTech, a young start up. The company generated Rp500 million in revenues in the most recent year and you have estimated the following for the company: The company has a net operating loss of Rp50 million that it is carrying forward and faces a 40% tax rate, once it starts making taxable income. Last year Rp500 million -60% 1 Rpl billion -10% 2.00 2 Rp2 billion -5% Revenues Operating Margin Sales Capital Ratio Cost of capital Rp3 billion 10% 2.00 10% 2.00 15% 12% a. Estimate the free cash flow to the firm each year for the next 3 years. b. Estimate the present value of each of the cash flows for the next 3 years