Question 1 USF Inc. has an EBIT of $250 million that is expected to grow at 5% a year forever and their tax rate is 40%. They have a cost of capital of 10% and their expected reinvestment rate is 33.33%. The firm has 200 million shares outstanding, $500 million in cash/marketable securities, and $750 million in debt outstanding. Estimate the firm's value of equity per share. (Check Figure: $9.25)