StreamX. Spotify is looking at another potential acquisition in the music field. The music service, StreamX, has projected sales of $125 million next year. Costs (including depreciation) are expected to be 74 percent of sales and depreciation and net investment (PPE and working capital) are expected to be 3 percent and 5 percent of sales, respectively. Sales are expected to grow at 20 percent the following year, with the growth rate declining by 4 percentage points per year until the growth rate reaches 4 percent, where it is expected to then drop to 3 percent the next year and remain there indefinitely. Stream X has debt of $65 million outstanding. There are 1.5 million shares of stock outstanding and investors require a return of 12 percent on the company's stock. The corporate tax rate is 25 percent. You are interested in determining the value of VacMed today. In answering, provide an explicit detailing of the following: 1. What is your estimate of the value of the operating cash flow in T2? Show your answer to one decimal point - For example: 12.4 2. What is your estimate of the Horizon value at the end of the non-constant growth period? Show your answer to one decimal point - For example: 12.4. 3.Provide your estimate of the Value of Operations at To. Show your answer to one decimal point For example: 12.4. 4. Estimate the Equity value per share at To. Show your answer to one decimal point - For example: 12.4. 5. What is your estimate of the Equity value if the firm uses a terminal multiple of 7x operating cash flow? Show your answer to one decimal point - For example: 12.4