Blue Devils, Inc. reported EBIT of $40 million last year. Depreciation expense totaled $30 million Capital expenditures and an increase of net working capital came to $10 million and $2.4 million, respectively. Free cash flow is expected to grow at a rate of 4% forever. Blue Devils faces a 30% tax rate and has a 0.45 debt to equity ratio with $150 million (market value) in debt outstanding. Blue Devils' equity beta is 1.34, the risk-free rate is currently 3%, and the market risk premium is estimated to be 8%. Blue Devils has 30 million shares of common stock outstanding (a) (0.5 point) What is the firm's asset beta? (b) (0.5 point) What is the firm's required return? (C) (0.5 point) What is the firm's free cash flow for the year? (d) (0.5 point) What is the firm's total firm value? (e) (0.5 point) What is the firm's equity value? (H) (0.5 point) What is the current price of the firm's common stock? BE Paragraph BI 66