Q4.2. You are asked to value a company named The Shard. You have the following forecast (in million dollars) of The Shard's future profits and future investments in new plant and working capital. Year 1 2 3 4 20 30 35 40 Depreciation expenses Profit after tax (tax: 40%) Investment in plants and working capital 36 42 48 48 20 12 15 18 From year 5 onwards, depreciation and investment in plants and working capital are expected to remain unchanged at year-4 levels. The Shard is financed 50% by debt and 50% by equity. Its cost of equity is 15% and its debt yields is 7%. The company pays corporate income tax at 40%. i Estimate the company's overall value. (Hint: note that operating cash flows can be obtained by adding depreciation to profit after tax). ii. What is the value of The Shard's equity