In this year, the company has an EBIT of $3.15 million. Depreciation, the increase in net working capital (NWC), and capital spending were $265,000, $105,000, and $495,000 respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 percent per year, and NWC will grow at 10 percent per year. It also has $19.5 million in debt and 400,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 3.50 percent indefinitely.

WACC=7.46%

CORPORATE TAX RATE 22%

Question : calculate the company's value

can help to show the step to calculate company's value . Thank you