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Value the following scenario, assuming there is no end to the timeline and the following data: Cost of equity = 17.22% Cost of debt =

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Value the following scenario, assuming there is no end to the timeline and the following data: Cost of equity = 17.22% Cost of debt = 6.58% Debt = $579MM Equity = $1235MM Tax rate = 40% Long-term growth expectations = 3.1% Future FCFE are forecast as follows: Year O: n/a Year 1: 129 Year 2: 151 Year 3: 164 Year 4: 178 Year 5: 187

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