You are building a free cash flow to the firm model. You expect sales to grow from $$1$ billion for the year that just ended to $$1\mathrm{.}15$ billion five years from now, Assume that the company will not become any more or less efficient in the future. Assume that the company will grow at a constant rate for $5$ years, and then at a constant rate of $2\mathrm{.}334672\%$ for year $6$ and onward after that. Use the following informatior to calculate the value of the equity on a per$-$share basis.

a$.$ Assume that the company currently has $$360$ million of net PP&E$.$

b$.$ The company currently has $$120$ million of net working capital.

c$.$ The company has operating margins of $12$ percent and has an effective tax rate of $31$ percent.

d$.$ The company has a weighted average cost of capital of $10$ percent. This is based on a capital structure of two$-$thirds equity and one$-$third debt.

e$.$ The firm has $1$ million shares outstanding.

Do not round intermediate calculations. Round your answer to the nearest cent.

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