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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 28% of the company's present value, and you believe that at this capital structure the company's debt holders will demand a return of 8% and stockholders will require 11%. The company is forecasting that next year's operating cash flow (depreciation plus profit after tax at 40%) will be $66 million and that investment in plant and net working capital will be $28 million. Thereafter, operating cash flows and investment expenditures are forecast to grow in perpetuity by 4% a year. a. What is the total value of Icarus? (Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole dollar amount.) Total value _ million b. What is the value of the company's equity? (Do not round intermediate calculations. Enter your answer in millions rounded to 1 decimal place.) Company's equity _ million