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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def parse_names(cls, names: List[str]) -> T: """Parse specified names for IntEnum; return default if not found."""

        value = 0
        iterable = cls  # type: Iterable
        for name in names:
            name = name.lower()
            flag = next((item for item in iterable if name == item.name.lower()), None)
            if not flag:
                raise ValueError("{} is not a member of {}".format(
                    name, cls.__name__))
            value = value | int(flag)
        return cls(value)