Question Seven: The following financial data are given from ALBA Bahrain Corporation for the year ended 2019. ALBA Bahrain Corporation 2019 Current Free Cash Flows BD 8,000,000 Target Debt to Capital 30% Market Value to Debt BD 40,000,000 Share Outstanding 3,200,000 Share 12.5% Required Return on Equity Cost of Debt 7.5% Long-term Growth in FCFF 5.5% Tax Rate 35% Required: (15 marks) 1- As a financial analyst for ALBA Corporation, evaluate the Corporation FCFF the single-stage FCFF Model. 2- Assume that the management decided to increase the target debt of Capital to be 45% instead of 30%, analysis the effect on the equity value per share. 3- Discuss the results from questions 1 and 2