Consider the following information, Nevergiveup Pty Ltd raised $75m to start a new project and purchase fixed assets and start operation for the next 3 years. Once the project finished the fixed assets will be depreciated completely. Year Beginning book value of equity (in $m) Net Income PV of (in $m) Abnormal earnings Factor PV abnormal earnings 1 75 35 2 50 50 3 25 65 The cost of equity (WACC) is 9 per cent. Calculate the company Equity value and value per share assuming the company have 1.2m shares outstanding.