Vishal Noronha needs to prepare a valuation for Sindhuh Enterprises. Noronha has collected the following information for his analysis. It is now the first day of 2003.

EPS for 2002 is $2.60

EPS will increase at the following declining growth rates over the next 5 years (2003-2007): 30%, 18%, 12%, 9%, 7%.

Net investment in fixed capital (net of depreciation) per share are as follows: 3.00, 2.50, 2.00, 1.50, 1.00.

Net investment in WC each year will be 50% of the net investment in fixed capital.

30% of the net investment in fixed capital and working capital will be financed by new debt financing.

Current market conditions dictate a risk-free rate of 6%, an equity risk premium of 4%, and a beta of 1.10 for Sindhuh

1. The terminal value of FCFE for the year 2006 is equal to __________.

2- The total value of equity of Sindhuh Enterprises for the year 2002 is equal to _______.