The Vonage analysis needs to include:1. Explanation of Growth Rates – Include an explanation about growth rate projections for the company. (Note: it is difficult to justify terminal or long-term...

The Vonage analysis needs to include:1. Explanation of Growth Rates – Include an explanation about growth rate projections for the company. (Note: it is difficult to justify terminal or long-term growth rates that exceed the growth rate of the economy, e.g., 3%; in the short-run, higher rates may be appropriate.)2. Explanation of All Other Assumptions – Include an explanation of all other assumptions related to future operating performance including costs, margins, efficiency, capitalization, etc. Note: All assumptions used in the forecast need to be explained in the written analysis. A worksheet is provided for this analysis and it should be incorporated as a “table” in the written analysis.3. Explanation and Interpretation of Projected Financial Statements – Explanation and interpretation of the projected financial statements and discounted free cash flows to include pro forma financial statements (income statements, balance sheets, and statements of cash flows).4. Explanation and Interpretation of Overall Forecast Results – Examination and interpretation of the overall forecast results and the projected financial ratio analysis.The discussion portion of the analysis should be three to five pages in length, double spaced, and should employ APA style and format for reference citations. Supporting data (e.g., figures, tables, etc.) and references should be submitted limited to four separate attachments in an appendix after the written portion of the paper.