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Given the following information ItemsYear 2023 2024 2025 Terminal year (2026) EBIT 9.02 12.72 18.15 28.37 FCInv 1.25 1.77 2.62 3.85 WCInv 1.96 2.02 3.31

Given the following information

Items\Year 2023 2024 2025 Terminal year (2026)
EBIT 9.02 12.72 18.15 28.37
FCInv 1.25 1.77 2.62 3.85
WCInv 1.96 2.02 3.31 4.73

Assume that tax rate is 0.3. Year 2026 is the terminal year. After 2026, the firm's FCFF will grow at 5% forever. Finally, assume that the firm's discount rate is 12%. What is the value of the firm?

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