The free cash flow to the firm is reported as $198 million. The interest expense to the firm is $15 million. If the tax rate is 35% and the net debt of the firm increased by $20 million, what is the approximate market value of the firm's equity if the FCFE grows at 3% and the cost of equity is 14%? equity value 1.0 billion 1.0 billion equity value 1.5 billion 1.5 billion equity value 2.0 billion 2.0 billion < equity value Question 18 1 pts Carrefour Company is expected to pay $2/share dividend in the upcoming year which you believe can grow at a rate of 5% in perpetuity. The Beta of Carerefour is 0.80, the current risk-free rate is 5.35%, and the expected return on the market portfolio is 12%. Based on the dividend growth model what is the intrinsic value of Carrefour's stock? price 20 20 price 30 30 < price 35 35 < price