Intro In the most recent year (2022), UPipe had an EBIT of $120 million. Depreciation was $24 million, increase in net working capital was $12 million and capital expenditure was $30 million. Over the next 4 years, EBIT is expected to grow by 20% per year, depreciation by 15% per year, capital expenditure by 25% per year and working capital investment by 15% per year. The annual free cash flow is expected to grow by 2% per year after 2026. The weighted average cost of capital is 9% and the average tax rate is 34%. The firm has $590 million of debt with an average interest rate of 8% and 10 million shares outstanding. Part 1 Attempt 2/10 for 10 pts. What was the free cash flow in 2022 (in \$ million)? Part 2 Attempt 2/10 for 10 pts. What is the expected free cash flow in 2026 (in $ million)? What is the expected free cash flow in 2026 (in \$ million)? Part 3 What is the terminal value in 2026 (in \$ million)? Part 4 What is the firm value today, at the beginning of 2023 (in \$ million)? Part 5 What is the value of the stock today? Intro In the most recent year (2022), UPipe had an EBIT of $120 million. Depreciation was $24 million, increase in net working capital was $12 million and capital expenditure was $30 million. Over the next 4 years, EBIT is expected to grow by 20% per year, depreciation by 15% per year, capital expenditure by 25% per year and working capital investment by 15% per year. The annual free cash flow is expected to grow by 2% per year after 2026. The weighted average cost of capital is 9% and the average tax rate is 34%. The firm has $590 million of debt with an average interest rate of 8% and 10 million shares outstanding. Part 1 Attempt 2/10 for 10 pts. What was the free cash flow in 2022 (in \$ million)? Part 2 Attempt 2/10 for 10 pts. What is the expected free cash flow in 2026 (in $ million)? What is the expected free cash flow in 2026 (in \$ million)? Part 3 What is the terminal value in 2026 (in \$ million)? Part 4 What is the firm value today, at the beginning of 2023 (in \$ million)? Part 5 What is the value of the stock today