Problem 13-25 Company Valuation (LO5) You need to estimate the value of Laputa Aviation. You have the following forecasts (in millions of dollars) of its profits and of its future investments in new plant and working capital: Year 1 2 3 4 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 70 $ 90 $ 105 $ 110 Depreciation 30 40 45 50 Pretax profit 40 50 60 60 Tax at 30% 12 15 18 18 Investment 9 12 15 17 From year 5 onward, EBITDA, depreciation, and investment are expected to remain unchanged at year-4 levels. Laputa is financed 60% by equity and 40% by debt. Its cost of equity is 11%, its debt yields 7%, and it pays corporate tax at 30%. Estimate the companys total value. Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount. What is the value of Laputas equity? Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount.