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Your employer, a midsized human resources management company, is considering expansion into related fields, including the acquisition of Temp Force Company, an employment agency that supplies word processor operators and computer programmers to businesses with temporarily heavy workloads. Your employer is also considering the resource9780357720264, Financial Management: Theory and Practice, 16th Edition, Eugene F. Brigham, – Cengage Learning.All Rights Reserved. No distribution allowed without express authorization. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-247. Distributed by Grand Canyon University. 340 Part 3 Stocks and Optionspurchase of Biggerstaff & McDonald (B&M), a privately held company owned by two friends, each with 5 million shares of stock. B&M currently has free cash flow of $24 million, which is expected to grow at a constant rate of 5%. B&M’s financial state-ments report short-term investments of $100 million, debt of $200 million, and preferred stock of $50 million. B&M’s weighted average cost of capital (WACC) is 11%. Answer the following questions:b. What is free cash flow (FCF)? What is the weighted average cost of capital? What is the free cash flow valuation model?