Question: Please answer in the space provided below. If you make any calculations, to get any points, please also show clearly and in the correct order

Please answer in the space provided below. If you make any calculations, to get any points, please also show clearly and in the correct order what formula(s) you used and what input values you used for each formula(s). Tatilya is a budget travel company and it will go public in Year 2021. Based on the following company and market information, What is the expected terminal value of the company in Year 2029? Weighted average cost of capital: 11% Marginal Tax rate: 24% 2020 Free Cash Flows (FCF) = $1.29 billions. Expected annual growth rate of FCF for the budget travel industry predicted by analysts: 14% per year until Year 2029 and a constant annual rate 8% after Year 2029 for the foreseeable future
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