Check my work You are going to value Lauryn s Doll Co using the FCF model. After consulting various sources. ???? n that Lar s as a reported equity beta of 1.4, a debt-to-equity ratio of 0.4, and a tax rate of 40 percent. Assume a risk-free rate of 4 percent and a market risk premium of 8 percent. Lauryn's Doll Co. had EBIT last year of $41 million, which is net of a depreciation expense of $4.1 million. In addition, Lauryn's made $4 million in capital expenditures and increased net working capital by $2.0 million. Assume the FCF is expected to grow at a rate of 2 percent into perpetuity. What is the value of the firm? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) I0 oints eBook Firm value million Print References