The following data relates to company Y. EBIT = $3 million Depreciation = $0.2 million Capital expenditure = $0.5 million Increase in working capital = $0.2 million Tax rate = 30% Estimation period = 4 years Number of equity shares =500,000 Long-term debt capital =$5,000,000 Cost of equity 18% It is assumed that the growth rate of the FCFF during the estimation period (year 1 to 4) is zero. After year 4, it will grow at a rate of 4%

Using the above data, calculate free cash to firm and the value of an equity share.