Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax cash flows for an all-equity firm) are shown below in millions: 0 3 $990 -S125 -S250 -S375 +$500 The firm's tax rate is 34 percent; the firm's bonds trade with a yield to maturity of 8 percent; the current and target debt-equity ratio is 2; if the firm were financed entirely with equity, the required return would be 10 percent. Using the flow to equity methodology, what is the value of the equity claim? $36,580,767.55 $446,570,866.00 $470,953,393.70 0-$1,540,000 Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax cash flows for an all-equity firm) are shown below in millions: 0 3 $990 -S125 -S250 -S375 +$500 The firm's tax rate is 34 percent; the firm's bonds trade with a yield to maturity of 8 percent; the current and target debt-equity ratio is 2; if the firm were financed entirely with equity, the required return would be 10 percent. Using the flow to equity methodology, what is the value of the equity claim? $36,580,767.55 $446,570,866.00 $470,953,393.70 0-$1,540,000