4.The Predatory Phone Company has current free cash flow to the firm of $450 million. Predatorys interest expense is $75 million. FCFE grows at a constant 4%, the WACC is 6%, and the cost of equity is 10%. There is 100 million shares outstanding. If the tax rate is 35% and the net debt of Predatory increased by $50 million, what is the current free cash flow to Predatorys equity holders?

5. As in question 4, The Predatory Phone Company has current free cash flow to the firm of $450 million. Predatorys interest expense is $75 million. FCFE grows at a constant 4%, the WACC is 6%, and the cost of equity is 10%. There is 100 million shares outstanding. If the tax rate is 35% and the net debt of Predatory increased by $50 million, what is the intrinsic value per share flow to Predatorys equity holders?