35.Proust Company has FCFF of $1.31 billion and FCFE of $1.71 billion. Prousts WACC is 9.18 percent, and its required rate of return for equity is 12.93 percent. The analyst expects FCFF and FCFE to both grow forever at 5.71 percent. Proust has debt outstanding of $14.88 billion. What is the total value of Prousts equity using the FCFE (Free Cash Flow to Equity) valuation approach?

(Express your answer in billions, with two decimal places. For example, if your answer is 89.1234 billion, enter 89.12)

36.Proust Company has FCFF of $1.31 billion and FCFE of $1.71 billion. Prousts WACC is 9.18 percent, and its required rate of return for equity is 12.93 percent. The analyst expects FCFF and FCFE to both grow forever at 5.71 percent. Proust has debt outstanding of $14.88 billion. What is the total value of Prousts equity using the FCFF (Free Cash Flow to the Firm) valuation approach?

(Express your answer in billions, with two decimal places. For example, if your answer is 89.1234 billion, enter 89.12)