Multistage and discuss the estimates

2- Conduct a similar study as in the first task. This time, make an estimation on the EPS via the use of FCF (free cash flow) based valuation. Preferably, you may create proforma financial statements for the upcoming few years to obtain estimates on FCFs. As an alternative, you can work with the previous years’ FCFs to determine growth rate(s).

Follow each of the FCFF and FCFE approaches and compare and discuss the estimates from each approach.