The following is a four$-$year forecast for Torino Marine.

Year $2022202320242025$

Free cash flow $($$ millions$)6283100122$

Estimate the fair market value of Torino Marine at the end of $2021.$ Assume that after $2025,$ earnings before interest and tax will remain constant at $$200$ million, depreciation will equal capital expenditures in each year, and working capital will not change. Torino Marine$$s weighted$-$average cost of capital is $12$ percent and its tax rate is $40$ percent.

Note: Do not round intermediate calculations. Enter your answer in millions rounded to $1$ decimal place.

Estimate the fair market value per share of Torino Marine$$s equity at the end of $2021$ if the company has $47$ million shares outstanding and the market value of its interest$-$bearing liabilities on the valuation date equals $$370$ million.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.