Solve part C

(c) It is early January 2023, a proforma forecast of the income statement for Ralph's Recreational Herbs appears below. Ralph's experience is that each year necessary tevels of net working capital are 12% of sales. There is a planned expenditure of $100 Milion late in 2025 on new capital equipment. The firm has 55 . Million in excess cash on hand, 590 Million in outstanding debt, 50 Million shares of stock outstanding, and faces a 22; tax rate. After 2027 it is expected that free cash flows for the firm will increase at a constant rate of 2%. Due to its risk and use of debt a WACC of 16% is appropriatc. Estimate today's total equity value and the price per share of equity