The market expects that profit before interest and tax in listed Sweco ASA will be 15 million in one year. The company will use a total of 6 million for improvements to the building stock as well as an increase in working capital during the year.

Book depreciation amounts to 3 million, while working capital will remain unchanged in subsequent years. Further investments in repairs and maintenance will also not be made after this year. Sweco is currently financed with equity only, the company's tax rate is 35% and the total cost of capital before tax is 10%. Assume that the company's profit before interest and tax (EBIT) is expected to grow by 8.5% in the foreseeable future (read: eternity).

Task 3 What is the market's expectation of the company's free cash flow in one year? Enter the amount in millions with two decimal places, e.g. 1.47.

Question 4 If the expectation of free cash flow [FCF (1)] is considered as a perpetual annuity with growth (v), what is Sweco's market value before tax [P (0)] today? Enter the amount in whole millions with two decimal places, e.g. 212.75.