Please show the work. Don't need Excel

10. Corporate valuation model The corporate valuation model, the prce-to-earnings (P/E) multiple approach, and the economic value-added (EVA) approach are some examples of valuation techniques. The corporate valuation model is similar to the dividend-based valuation that you've done in previous problems, but it focuses on a firm's free cash flows (FCFs) instead of its dividends. Some firms dont pay dividends, or their dividends are difficult to forecast. For that reason, some analysts use the corporate valuation model Gadget Twin Inc. has an expected net operating profit after taxes, EBIT(1 T), of $4,300 million in the coming year In addition, the firm is expected to have net capital expenditures of $645 million, and net operating working capital (NOWC) is expected to increase by $50 million. How much free cash flow (FCF) is Gadget Twin Inc. expected to generate over the next year? $53,759 million $3,605 million O $4,895 million $3,705 million Gadget Twin Inc.'s FCFs are expected to grow at a constant rate of 5.70% per year in the future. The market value of Gadget Twin Inc.'s outstanding debt is $14,230 million, and preferred stocks' value is $7,906 million. Gadget Twin Inc. has 750 million shares of common stock outstanding, and its weighted average cost of capital (WACC) equals 17.10%. Using the preceding information and the FCF you calculated in the previous question, calculate the appropriate values in this table. Term Value (Millions) Total firm value Value of common equity Intrinsic value per share $83,217.63 31,622.81 $21,081.87 $63,245.61 Term Value (Millions) Term Value (Millions) Total finm value Value of common equity Intrinsic value per share Total firm value Value of common equity Intrinsic value per share $23,716.81 $23,716.81 $23,716.81 $17,392.81 $9,486.81 $16,642.81 $31.62 $23.19 $22.19 $12.65