You are a buy-side analyst and your fund manager has asked you to estimate the value of EcoShop Plc, a listed retail company. You have collected the following data on EcoShop Plc, for the year just ended .Earnings per share (EPS): 26 Number of shares outstanding: 10m Depreciation: 80m Investment in fixed capital: 110m Interest expense: 50m . The working capital has increased from 30m at the beginning of the year to 40m at the year-end Effective tax rate: 20% . Current market value of the outstanding debt: 1.400m . The company's target capital structure is 20% debt, and 80% equity Before-tax cost of debt 4% The current yield on the 10 year UK Government bond is 2% Market risk premium: 5% The stock's beta: 1.3