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Need help will kindly upvote please help!!! Icarus Airlines is proposing to go public, and you have been given the task of estimating the value

Need help will kindly upvote please help!!!

Icarus Airlines is proposing to go public, and you have been given the task of estimating the value of its equity. Management plans to maintain debt at 21% of the companys present value, and you believe that at this capital structure the companys debtholders will demand a return of 7% and stockholders will require 14%. The company is forecasting that next years operating cash flow (depreciation plus profit after tax at 21%) will be $59 million and that investment in plant and net working capital will be $21 million. Thereafter, operating cash flows and investment expenditures are forecast to grow in perpetuity by 4% a year.

  1. What is the total value of Icarus?
  2. What is the value of the companys equity?

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