Buyer wants to acquire company Co. The following projections in millions are used to value Co: m "m n.- Also: i Co is nanced 80% wi'l equity {E} and 20% with debt {D}. The interest rate on the debt is 3%. The tax rate is 40% Appropriate beta of Co is assumed to be 08 Capital expenditure: 10 million each year from year 1 to year 5 Depreciation: 6 million each year from year 1 to year 5 Treasury yields for 10-year bonds are ?% The market risk premium is 15% After year 5, EBlT is expected to grow 3% per year in perpetuity How much Buyer should pay for 100% of the shares of Co