Free Cash Flow to Equity Valuation. Go to the Quiz 10 - Free Cash Flow - Student Financials. xls file. Assume the valuation date for the subject company is 12/31/2019. Use the capitalization of benefits method to the income approach. Value the subject company using the single-period model and base this on Free Cash to Equity using the end of year end of year discounting convention. Compute the share price to the nearest whole penny. (i. e. $12.345678 would be written as 12.35). Use the information provided on the basic assumptions tab and the relevant value(s) provided in the Free Cash Flow to Invested Capital tab.