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You are building a free cash flow to the firm model, You expect sales to grow from $1 bition for the year that just ended

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You are building a free cash flow to the firm model, You expect sales to grow from $1 bition for the year that just ended to $1.8 billion five years from now. Assume that the company will not become any more or less efficient in the future. Use the following information to ca'culate 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 11 percent and has an effective tax rate of 29 percent. d. The company has a weighted average cost of capital of 9 percent. This is based on a capital structure of two-thirds equity and one-third debt e. The firm has 3 million shares outstanding. Do not round intermediate calculations. Round your answer to the nearest cent

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