Do the research and build out the slides for DEWA , use the following instruction template Equity Research Report (Public Markets style):Key Stats & Recommendation: Target price, current price, rating.Investment Thesis: Core growth catalysts and triggers.Company Overview: Revenue segments and geographic exposure.Industry & Macro Analysis: Sector tailwinds.Financial Forecasts: Income statement, balance sheet projections.Valuation Methodology: DCF assumptions, trading multiples.Investment Risks: Sensitivity analysis and bear/bull scenarios ask any further questions , keep theme as DEWA colors green Use the data from ,- Dubai Electricity and Water Authority PJSC - Discounted Cash Flow Analysis ($ in Millions Except Per Share and Per Unit Data) DCF Assumptions & Output: Company Name: Dubai Electricity and Water Authority PJSC Terminal Value - Multiples Method: Terminal Value - Perpetuity Growth Method: Ticker: DEWA Current Share Price: $2.72 Mon 3-AUG Median TEV / EBITDA of Comps: 9.4 x Expected Long-Term GDP Growth: 2.00% Baseline Terminal EBITDA Multiple: 12.3 x Baseline Terminal FCF Growth Rate: 2.00% Discount Rate (WACC): 7.39% Effective Tax Rate: 8.8% Baseline Terminal Value: $307,510 Baseline Terminal Value: $266,776 Last Fiscal Year: 2026-03-31 Implied Terminal FCF Growth Rate: 2.68% Implied Terminal EBITDA Multiple: 10.7 x Current Equity Value: $136,000 (+) PV of Terminal Value: 150,758 (+) PV of Terminal Value: 130,789 (-) Cash & Cash-Equivalents: (8,265) (+) Sum of PV of Free Cash Flows: 60,764 (+) Sum of PV of Free Cash Flows: 60,764 (-) Equity Investments: - Implied Enterprise Value: 211,523 Implied Enterprise Value: 191,553 (-) Other Non-Core Assets, Net: - (-) Net Operating Losses: - % of Implied TEV from Terminal Value: 71.3% % of Implied TEV from Terminal Value: 68.3% (+) Total Debt & Finance Leases: 43,775 (+) Preferred Stock: - (+) Cash & Cash-Equivalents: 8,265 (+) Cash & Cash-Equivalents: 8,265 (+) Noncontrolling Interests: 6,095 (+) Equity Investments: - (+) Equity Investments: - (+) Unfunded Pension Obligations: - (+) Other Non-Core Assets, Net: - (+) Other Non-Core Assets, Net: - Current Enterprise Value: $177,605 (+) Net Operating Losses: - (+) Net Operating Losses: - (-) Total Debt & Capital Leases: (43,775) (-) Total Debt: (43,775) (-) Preferred Stock: - (-) Preferred Stock: - (-) Noncontrolling Interests: (6,095) (-) Noncontrolling Interests: