1. What are Buckeye's expected free cash flows for each year from 2021 through 2028? 2. [This questionis optional If you decide not to work on it, please assumethatthe optimal capital structureis ND */(ND *+E*) = 23.4%.]A careful analysis of Buckeye's strategy, its markets, and its dependenceon outside sources of funding, software writers, customers etc., suggests prudentworst-case interestcoverage for Buckeye is 3 (thatis, h=3). It is estimated that Buckeye will be able to borrow at a long-term interestrate of about8.0% per year. Using this information, estimateBCI's optimal capital structure(i.e., net debtto enterprisevalue ratio at market values). 3. Estimate the equity betafor Buckeye post-purchase (i.e., relever its unlevered beta to the optimal capital structure-your answer to question 2). Use this levered betain the CAPM to estimateBCI's opportunitycost of equity capital. Finally , use this , to estimateBuckeye's weighted average cost of capital at the optimal capital structure As usual, use 5% for the market risk premium 4. Estimate the residual value using the perpetuitywith the growth formula. Base the residual value in a year when the subsequentFCF growth is constant Compute the enterprisevalue. 5. What is the equity value of Buckeye Computers and its price per share