Q$4(25$P$)$ Design a transceiver system to carry ten images simultaneously. The fundamental modulation technique will be frequency modulation $($FM$).$ Please explain your design steps, including the required channel capacities and other parametric calculations.

Note that each image is composed of $3030$ pixels, and each pixel supports $1024$ colors and brightness levels. The system's operating frequency is expected to be out of $FM$ radio broadcasting ranges but very close.