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You are given the following information for a firm: begin{tabular}{lll} EBIT (1T) this period & = & $15.5 million Depreciation & = & $2.0
You are given the following information for a firm: \begin{tabular}{lll} EBIT (1T) this period & = & $15.5 million \\ Depreciation & = & $2.0 million \\ Net Working Capital Increase & = & $0 \\ Asset Beta & = & 1.4 \\ Capital Expenditures & = & $3.3 million \\ Growth Rate of FCF & = & 9.0% \\ Risk Free Rate & = & 3% \\ Market Risk Premium & = & 6.1% \end{tabular} Using the above data, what is the present value of all FCF? Don't forget that in applying the growing perpetuity formula, you have to use not this year's FCF, but next period's FCF (multiply this period's FCF by ( 1+ growth rate of FCF). Your answer should be in \$millions. For example, if your answer is $7.34 million, then enter 7.34 in the answer box
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