Please show formulas

8. Exhibit 8.19 displays key financial information for VidCo, an entertainment firm. Fill in the shaded areas of the exhibit to arrive at a value of the operations using the adjusted present value model. Assume that the interest tax shields are as risky as the overall firm. EXHIBIT 8.19 VidCo: Key Financial Figures $ million Prior- Interest Discounted year Interest Interest Marginal tax tax shield Discounted FCF 100.0 105.0 110.3 115.8 121.6 127.6 134.0 140.7 147.7 155.1 rate, % 35.0 35.0 35.0 35.0 35.0 35.0 35.0 35.0 35.0 35.0 Continuing value Forecast year FCF debt rate. % payment ITS) ITS 1,000.0 1,040.0 1,081.6 124.9 ,169.9 1,216.7 1,265.3 1,315.9 1,368.6 1,423.3 1,480.2 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 10 Continuing value Sum of discounted FCFs Marginal tax rate, % Sum of discounted ITSs 35.00 10.00 PV of FCF and ITS Midyear adjustment factor Value of operations Unievered cost of equity, %