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You are going to value Lauryn's Company using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of
You are going to value Lauryn's Company using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of a debttoequity ratio of and a tax rate of percent. Assume a riskfree rate of percent and a market risk premium of percent Lauryn's Doll Company had EBIT last year of $ million, which is net of a depreciation expense of $ millionIn addition, Lauryn's made $ million in capital expenditures and increased net working capital by millionAssume the FCF is expected to grow at a rate of percent into perpetuity What is the value of the firm? Note: Do not round intermediate calculationsEnter your answer in millions rounded to decimal places.
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