19 Krisko Industries generated FCFF of $430,000 last year. The firm is expected to grow at a rate of 15% for the next two years. After this high growth period, the film is expected to grow at a rate of 4x for the forseeable future. The following data applies to Krisko: Market value of debt - 55,000,000 Book value of debt - $2,500,000 Pre-tax cost of debt - 6 Bingo's beta-14 Risk-free rate -5% Market risk premium - 8% Shares outstanding = 500,000 Current share price - $10 Book value of equity - 52,000,000 Tax rate -40% Using an FCFF approach, which of the following is closest to the value of the firm's equity? About $3.720,000 About $5,740,000 About $7,320,000 About 59,660,000