Mudflap Airlines anticipates: EBIT of $140,000, $150,000 and $160,000 in each of next 3 years Depreciation of $14,000, $15,000, and $16,000 Capital expenditures of $16,000, $17,000, and $18,000 Incremental increases in working capital requirements of $5,000, $7,000, and $9,000 Tax rate of 25% Free cash flows beyond year 3 growing at 3% per year Current value of debt, VD, of $700,000 Cost of debt (Kd) is 8%, and its weight in the capital structure is 43% Cost of equity (Ke) is 12%, and its weight in the capital structure is 57% How much is Mudflaps WACC? How much is Mudflaps NOPAT for years 1, 2 and 3? How much is the FCFF for each of the three years? Please show calculations How much is the sum of the present values of the FCFFs for years 1 to 3? How much is the present value (at time 0) of the terminal value of Mudflaps cash flows? What is the value of the firm, VF? What is the value of the firms equity, VE?