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Task 6*: Last year the company reported net sales of 80 million, earnings before interest and taxes of 30 million. The depreciation expense was 15

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Task 6*: Last year the company reported net sales of 80 million, earnings before interest and taxes of 30 million. The depreciation expense was 15 million. Assume that the depreciation expense is the only non-cash charge. Fixed capital expenditures were 20 million and the additions to working capital were 6 million. The company's weighted average cost of capital is 12.5% and the corporate income tax rate is 30%. The market value of debt is 25 million. The number of the company's shares outstanding is 900,000 Assume that the free cash flow is expected to grow forever at 5%. 1. What is the total value of the company? 2. What is the total value of the company's equity? 3. What is the per-share value of equity

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