Thank you!

ou need to estimate the value of Laputa Aviation. You have the following forecasts (in millions of dollars) of its profits and of its future nvestments in new plant and working capital: $ 85 1 Earnings before interest, Depreciation Pretax profit Tax at 30% Investment taxes, depreciation, and amortization (EBITDA) 25 60 18 14 2 $ 105 35 70 21 17 3 $ 120 40 80 24 20 4 $ 125 45 80 24 22 rom year 5 onward, EBITDA, depreciation, and investment are expected to remain unchanged at year-4 levels. Laputa is financed 00/6 by equity and 50% by debt. Its cost of equity is 16%, its debt yields 7%, and it pays corporate tax at 30%. a. Estimate the company's total value. Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount. b. What is the value of Laputa's equity? Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount.