Estimate the free cash flows of Peg Inc. for the $4$ years $2008$ to $2011$ and compute the enterprise value as of year$-$end $2007.$

Estimate the free cash flows to equity holders for the $4$ years $2008$ to $2011$ and compute the equity value as of year$-$end $2007$

Compute the debt value as of year$-$end $2007$