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20. (5 points) Consider a company that will operate for 3 years and then shut down. Today is Year 0. You see the following numbers.

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20. (5 points) Consider a company that will operate for 3 years and then shut down. Today is Year 0. You see the following numbers. All values are as of the END of the year. Year 0 Year 1 Year 2 Year 3 Net Income 150 250 110 Depreciation 30 33 40 Book Value of Equity 1000 1080 1180 1260 A You also know the following: Required Return on Equity: 20% Stock Beta: 1.1 Required Return on Assets: 16% Risk-Free Rate: 7% What is the market value of the company's equity

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