Please find attached an Excel spreadsheet with forecasts for Kandy Kanes, Co$.$ Five years of earnings, depreciation, and capital expenditures have been estimated by your equity analyst, and you believe that after the fifth year, free cash flow will grow by $4\mathrm{.}5\%$ per year. The market value of debt is $$2,500,000$ and the firm has $$150,000$ in marketable securities$.$ There are $750,000$ shares outstanding, the tax rate is $25\%,$ and the discount rate $($WACC$)$ is $9\%.$ Please do the following:

Calculate free cash flow for the next five years

Calculate free cash flow for the sixth year assuming a $4\mathrm{.}5\%$ growth rate

Estimate the value of a share of Kandy Kanes' stock.