**Please solve the problem using excel and show all formulas used in the excel**

The following are projected free cash flows to equity for the ABM CO. That is expected to be in high growth for the next 3 years. The firm's beta is also expected to change over the 3-year period: Year Expected Growth Rate Beta Revenues EPS - (Cap Ex - Deprec'n) (1-DR) - Change in WC (1 - DR) FCFE $ $ $ $ $ 1 12% 1.5 22.40 $ 2.24 $ 0.90 $ 0.36 $ 0.98 $ 2 10% 1.3 24.64 $ 2.46 $ 0.75 $ 0.33 $ 1.38 $ 3 8% 1.1 26.61 2.66 0.60 0.29 1.77 4 6% 1.0 $28.21 $2.82 $0.45 $0.24 $2.13 Assume that after year 3, the beta will stay at 1.00, and that the growth rate will remain 6% forever. The riskfree rate is 5%, and you can assume a risk premium of 5.5%. a. Estimate the price at the end of the third year. b. Estimate the value per share today