Force Completion Once started, this test must be completed in one sitting. Do not leave the test before clicking Save and Sub Your answers are saved automatically Remaining Time: 1 hour, 41 minutes, 47 seconds. Question Completion Status: Moving to another question will save this response. Question 18 For TV Inc, assume you are given the following details: Average return on government securities is 1.8% Market risk premium is 5.3% i Stockbeta is 1.28 1. First three years of free cash flows are $20, $18 and $10 millions After year, there will be 2% perpetual growth in free cash flows indefinitely Calculate the present value of equity. Show your steps For the toolbar, press ALT=F10 (PC) or ALTFN+F10 (Mac). Arial 14px > A BI & Paragraph Q 23 $ & 2 3 4 5 0 6 1 7 V8 A 99 0. WER T 91 01 - vo LOW 3 w lo S >> RSF