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All figures as of year 1 . FGM Corp pre - tax cash flow from operations = $ 7 5 0 k . Tax rate

All figures as of year 1. FGM Corp pre-tax cash flow from operations = $750k. Tax rate =40%. New fixed asset investment = $250k. Depreciation = $125k. Expected growth =7%. WACC =13%. Firm has no debt and NWC remains the same. What is FGM's total equity value?
Answer Choices:
a
$1,615,156.50
b
$2,479,168.95
c
$3,333,333.33
d
$4,166,666.67

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