1. Fred Corp. Had projected that their performance for the next five years will result to the following: Year Revenue in millions Cash Operating Expenses in millions 50.00 30.00 2 55.00 33.00 3 60.50 36.30 4 66.55 39.93 5 73.21 43.93 1 The Company owns a property originally acquired at P50 million with useful life of 10 years. The Terminal value was assumed based on the growth rate of the Cash flows. Annual Capital Investment requirement is P2 million. The outstanding loan P16.62 Million. Income tax rate is at 30%. The required rate of return for this business is 14%. Requirements: 1. How much is the Terminal Value 2. How much is the Discounted Net Cash Flows to the Firm? 3. How much is the Discounted Net Cash Flows to the Equity? 4. Assuming there are no outstanding loans, how much is the Discounted Net Cash Flows to the Equity? 5. Assuming that the required rate of return is 12%, how much is the Discounted Net Cash Flows to the Equity