15.07% 22. You have been asked to value Fulmer's Football Helmets, Inc. Below is some information ($ millions except per-share data). Use the APV model to find the intrinsic value of the firm's equity in $millions Projected year 1 Historical 70 Projected year 2 Short-term investments Total Assets All debt Total liabilities Shareholder's equity Interest expense Free cash flow Interest rate on debt-5% rL ( levered cost of equity)-11% WACC-8% ru (unlevered cost of equity)-9% Tax rate 25% Long-term growth rate-396 a. $421.8 b. $461.o c. $465.9 d. $480.6 e. $490.4 75 1,300 380 550 850 19 35 78 1,400 400 575 925 20 43 1,200 350 500 800 18 25 15.07% 22. You have been asked to value Fulmer's Football Helmets, Inc. Below is some information ($ millions except per-share data). Use the APV model to find the intrinsic value of the firm's equity in $millions Projected year 1 Historical 70 Projected year 2 Short-term investments Total Assets All debt Total liabilities Shareholder's equity Interest expense Free cash flow Interest rate on debt-5% rL ( levered cost of equity)-11% WACC-8% ru (unlevered cost of equity)-9% Tax rate 25% Long-term growth rate-396 a. $421.8 b. $461.o c. $465.9 d. $480.6 e. $490.4 75 1,300 380 550 850 19 35 78 1,400 400 575 925 20 43 1,200 350 500 800 18 25