1. Using the financial statements and other information that you have for MPR, and assuming a 5% perpetual growth rate in the FCFE, value the equity using the FCFE method.
2. Does this value equal the estimated value using the FCFF method? Why or why not?

MPR's Balance Sheet Assets Operating Current Assets Total Current Assets Net PPE Total Assets Liabilities and Shareholders' Equity Operating Current Liabilities Total Current Liabilities Long Term Debt Total Liabilities Total Common Equity Total Liabilities and Equity 2014 162,000 162,000 199,000 361,000 2015 168,000 168,000 210,042 378,042 2016 176,400 176,400 220,500 396,900 57,911.50 57,911.50 136,253 194,164.50 166,835.50 361,000 62,999.70 62,999.70 143,061 206,060.70 171,981.30 378,042 66,150 66,150 150,223 216,373 180,527 396,900 2014 400,000 344,000 56,000 11,678.90 44,321.10 17,728.40 26,592.70 2015 420,000 361,994.20 58,005.80 12,262.80 45,743 18,297.20 27,445.80 2016 441,000 374,881.60 66,118.40 12,875.50 53,242.90 21,297.20 31,945.70 21,200 22,300 23,400 MPR's Income Statement Sales Costs Operating Profit Interest Expense Earnings Before Taxes Taxes Net Income Dividends Tax Rate = 40%