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Cou need to estimate the value of Laputa Aviation. You have the following forecasts (in millions of dollars) of its profits and of its future

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Cou need to estimate the value of Laputa Aviation. You have the following forecasts (in millions of dollars) of its profits and of its future 7yestments in new plant and working capitak From year 5 onward, EBITDA, depreciation, and investment are expected to remain unchanged at year-4 levels: Laputa is financed 40 is by equity and 60%6 by debt. its cost of equity is 16%, its debt yieids 7%, and it pays corporate tax at 308 . a. Estimate the company's total value: Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount. b. What is the value of Laputa's equity? Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount

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