d$.$ Union Pacific Railroad reported net income of $$770$ million after interest expenses of $$320$ million in a recent financial year $($The corporate tax rate was $36\%).$ It reported depreciation of $$960$ million in that year, and capital spending was Ghc$1\mathrm{.}2$ billion. The firm also had $$4$ billion in debt outstanding on the books, was rated AA $($carrying a yield to maturity of $8\%),$ and was trading at par $($up from $$3\mathrm{.}8$ billion at the end of the previous year$).$ The beta of the stock is $1\mathrm{.}05,$ and there were $200$ million shares outstanding $($trading at $$60$ per share$),$ with a book value of $$5$ billion.Union Pacific paid $40\%$ of its earnings as dividends and working capital requirements are negligible. $($The Treasury bond rate is $7\%).$ You can assume a market risk premium of $5\mathrm{.}5\%.$i$.$ il$.$Estimate the Free Cash Flow to the Firm for the most recent financial year.Estimate the value of the firm now.Estimate the value of equity and the value per share now