b. The initial equity investment of $120 million was invested in a fixed asset. The company uses a straight-line method of deprecation. Consequently, the annual deprecation for the 3 consecutive years is $40,000. As a result, the companys net income at the end of years 1,2, and 3 are $40,000; $60,000; and $80,000 respectively. The cost of capital is 10%. Required: Determine the value of the company using the discounted abnormal earnings method