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An all equity company generated no free cash flows in 2005, 2006 or in 2007. In 2008, the EBIT of the company was 2.500.000, amortization

An all equity company generated no free cash flows in 2005, 2006 or in 2007. In 2008, the EBIT of the company was 2.500.000, amortization was 450.000, and depreciation was 200.000. During 2008 the company paid taxes at a rate of 40% and the net working capital increased by 100.000. If the growth rate of the free cash flows from 2008 onwards is forecasted at 2.5%, the required return on equity is 10%, and the value of the company at the end of 2005 was 17.079.889, determine how much the company invested in fixed assets in 2008. Please show your work.

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