The following table reports the FCFs of Airbnb in the past years: 2015 Your Ented December 2011 2011 ini 11674 (en 1162 2.1 10:05 1700$ ACTO $ 1354 30) S by cortici 1150 $ 25125 34S 1236) 553 SOS 211 5 161105 The business risk of Airbnb (rA) is 7.3%, and you expect the FCF in 2021 to be the average of the FCFs in the past 3 years (2019, 2018, 2017). Moreover, you expect future FCFs to grow at the constant rate of 5.9%. Airbnb's corporate tax rate is 11%. Q: What is the valuation of Airbnb if the company plans to issue debt, with a cost of capital (rD) of 4.65%, to keep a constant D/E ratio of 0.72? Report your answer in million (M) and round it to 2 decimal places. The following table reports the FCFs of Airbnb in the past years: 2015 Your Ented December 2011 2011 ini 11674 (en 1162 2.1 10:05 1700$ ACTO $ 1354 30) S by cortici 1150 $ 25125 34S 1236) 553 SOS 211 5 161105 The business risk of Airbnb (rA) is 7.3%, and you expect the FCF in 2021 to be the average of the FCFs in the past 3 years (2019, 2018, 2017). Moreover, you expect future FCFs to grow at the constant rate of 5.9%. Airbnb's corporate tax rate is 11%. Q: What is the valuation of Airbnb if the company plans to issue debt, with a cost of capital (rD) of 4.65%, to keep a constant D/E ratio of 0.72? Report your answer in million (M) and round it to 2 decimal places