Turner Tents Corporation has just reported EBIT of $12 million, depreciation of $1.5 million, capital expenditure of $3 million, and an increase in its net working capital of $2 million. Turner also reported interest payment of $3.5 million and an increase in net debt of $4 million. Turner's WACC is 7.8%, its required return on equity is 10.5%, and it is in the 28% tax bracket. The free cash flow to equity are expected to grow at 5% per year for the foreseeable future. What is the intrinsic value of Turner's equity? $66.20 million $106.62 million $120.36 million $126.38 million