22. The market value of equity of XYZ Ltd. is 140 crore. It has 10 crore outstanding shares. The market value of the firm's debt is 70 crore. The firm intends to maintain the current market value debt ratio forever. The expected interest rate is 12 per cent. The firm's equity beta is 1.20 and the corporate tax rate is 30 per cent. The risk-free rate is 6 per cent and the risk premium is 8.5 per cent. The firm's expected post-tax FCFs next year are 25 crore. The FCFs are expected to grow at 10 per cent for eight years and thereafter, at 5 per cent for ever. How much is the value of the firm? What is the value of equity? How much is the value per share?