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The Anderson Door Co. earned $30 million before interest and taxes on revenues of $80 million last year. Capital expenditures were $20 million, and depreciation

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The Anderson Door Co. earned $30 million before interest and taxes on revenues of $80 million last year. Capital expenditures were $20 million, and depreciation was $15 million. The additions to working capital were $6 million. The firm's weighted average cost of capital is 12.45%, the marginal tax rate is 40% and the expected cash flow growth is 4%. The market value of debt is $25 million. The value of the firm's equity is closest to: $61.15 million $65.84 million $73.70 million $77.37 million

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