106 A company manufacturing, needle roller bearings, is financed by debt and equity to the extent of 3:7, with total debts of 10.82 (borrowing rate 8%) millions. The beta of the company's equity is known to be 1.4. The company generates a free cash flow 2 million with the known growth projection of 5% to perpetuity. If it is known that the Return on market portfolio 11% and the risk free rate is 5%, what is the value of each equity share for the 1 million shareholders of the company? Assume that the company is in the 40% tax bracket. The free cash flows of a firm is proiected to aromat CAGR of 250 for the next Sum Cruth is the