a) After your Bachelor degree, you apply for a traineeship at Evotec SE. Your first challenging task is a free cashflow valuation of Evotec SE. The accounting team provides the following information: Cash: 109 Mio. ; Debt: 347 Mio. ; Outstanding Shares: 149 Mio.; WACC 14% From the controlling department, you receive the following financial forecast of free Cashflows and a long-term growth rate of 12%: Year Free Cash Flow (in Mio. ) 1 2 3 4 90,00 100,00 113,00 125,00 Calculate the enterprise Value of Evotec SE and the price per share for to. b) Suppose Evotec SE borrows 30 Mio. by issuing 10-year coupon bonds with an annual interest payment of 5%. Assume a marginal tax rate of 30%. Assume that tax savings are as risky as the debt that creates them. By how much does the interest tax shield increase the value of Evotec SE?