Please solve the questions step by step by writing/typing it manually. Do not use excel or a financial calculator.

Problem 3: (5 Points) Nabor Industries is considering going public but is unsure of a fair offering price for the company. Before hiring an investmentbanker to assist in making the public offering, managers at Nabor have decidedto make their own estimate of the firm's common stock value. The firm's CFO has gathered data for performing the valuation using the free cash flow valuation model. The firm's weighted average cost of capital is 11%, and it has $1,500,000 debt at market value and $400,000 of preferred stock at its assumed market value. The estimated free cash flows over the next 5 years: Year Free Cash Flow 2022 $200,000 $250,000 2024 $310,000 $350,000 2026 $390,000 2023 2025 a Estimate the value of Nabor Industries' entire company by using the free cashflow valuation model. b. Use your finding in part a, along with the data provided above, to find NaborIndustries' common stock value. c. If the firm plans to issue 200,000 shares of common sock, what is its esti-mated value per share