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Value the following scenario, assuming there is no end to the timeline and the following data: Cost of equity - 17.65% 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 - 17.65% Cost of debt - 7.91% Debt - $583MM Equity - $1.234MM Tax rate -40% Long-term growth expectations - 3.7% Future Equity Cash Flows (FCFE) are forecast as follows: Year 0: n/a Year 1: 126 Year 2: 151 Year 3: 162 Year 4: 175 Year 5: 186 (Round your answer to the nearest cent)

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