Please answer all questions throughout!

PART 1:

"Free Cash-Flow Valuations" Please respond to the following:

• Create an argument that use of the present value free cash-flow method has a more beneficial economic meaning than earnings-based methods. Provide support for your argument.
• Assess the challenges related to using the present value of the free cash-flow valuation method in practice, suggesting how each of these challenges may be overcome. Provide support for your rationale.

PART 2:

"Negative Cash Flow" Please respond to the following:

• Assess how the free cash-flow method can be used when a company is profitable yet the cash-flow values are expected to be negative over the next five years, indicating the likely impact on the valuation. Provide support for your rationale. 
• Assess which cash-flow variables are the most sensitive to change and the likely impact on a firm’s valuation. Provide support for your answer.

PLEASE ANSWER ALL QUESTIONS THROUGHOUT!!! NO COPY AND PASTE,,, SITE SOURCE!

When answering questions, put question next to answer.. Dont leave question out, I need to know which question you talking about when answering. If you have any questions, feel free to ask!