Your employer, a midsized human resources management company, is considering expansion into related fields, including the acquisition of Temp Force Company, an employment agency that supplies word processor operators and computer programmers to businesses with temporary heavy workloads. Your employer is also considering the purchase of Biggerstaff & McDonald $($B&M$),$ a privately held company owned by two friends, each with $5$ million shares of stock. B&M currently has free cash flow of $$24$ million, which is expected to grow at a constant rate of $5\%.$ B&Ms financial statements report short$-$term investments of $$100$ million, debt of $$200$ million, and preferred stock of $$50$ million. B&Ms weighted average cost of capital $($WACC$)$ is $11\%.$ Answer the following questions.Briefly describe the legal rights and privileges of common stockholders.What is free cash flow $($FCF$)?$ What is the weighted average cost of capital? What is the free cash flow valuation model? What impact does each of the following parameters have on the value of a call option?$1.$ Current stock price$2.$ Strike price$3.$ Options term to maturity$4.$ Risk$-$free rate$5.$ Variability of the stock price