8.) The following are the free cash flows over the next 5 years in millions of dollars: 53.2, 66.7, 78.9, 76.1, 83.2. Thereafter, the free cash flows are expected to grow at the industry average of 4.1% per year. The cost of equity is 20.2%, the cost of debt is 7%, and the weighted average cost of capital is 14%.

a. Estimate the enterprise value of the corporation.

b. If they have no excess cash, debt of $600 million, and 80 million shares outstanding, estimate their share price.

c. What is the corporate tax rate for the corporation?