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he following is a four-year forecast for Torino Marine. . Estimate the fair market value of Torino Marine at the end of 2021. Assume that
he following is a four-year forecast for Torino Marine. . Estimate the fair market value of Torino Marine at the end of 2021. Assume that after 2025, eamings before interest and tax will remain constant at \\( \\$ 200 \\) million, depreciation will equal capital expenditures in each year, and working capital will not change. Torino Marine's weighted-average cost of capital is 12 percent and its tax rate is 40 percent. Note: Do not round Intermedlate colculatlons. Enter your onswer In millions rounded to 1 declmal plece. . Estimate the fair market value per share of Torino Marine's equity at the end of 2021 if the company has 44 million shares outstanding and the market value of its interest-bearing liabilities on the valuation date equals \\( \\$ 340 \\) million. Note: Do not round Intermedlate colculatlons. Round your answer to 2 decimal places
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