(d) Largely due to the severe slowdown in air travel in 2020, Ryanair is expected to show a free cash flow to the firm (FCFF) value of - 2 billion in 2021. Analysts anticipate that the 2022 FCFF will be 75% of the 2020 value and thereafter the FCFF is anticipated to grow indefinitely at a rate of 6% per year. Use this information to estimate the enterprise value for Ryanair and hence the value of its equity. If there are 1.1 billion shares outstanding, what is the justified price of Ryanair's stock? (d) Largely due to the severe slowdown in air travel in 2020, Ryanair is expected to show a free cash flow to the firm (FCFF) value of - 2 billion in 2021. Analysts anticipate that the 2022 FCFF will be 75% of the 2020 value and thereafter the FCFF is anticipated to grow indefinitely at a rate of 6% per year. Use this information to estimate the enterprise value for Ryanair and hence the value of its equity. If there are 1.1 billion shares outstanding, what is the justified price of Ryanair's stock