You are going to value Lauryns Doll Co. using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of 1.6, a debt-to-equity ratio of .9, and a tax rate of 21 percent. Based on this information, what is the asset beta for Lauryns? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Lauryns asset beta is 1.17. Calculate the appropriate FCF discount rate assuming a risk-free rate of 2 percent and a market risk premium of 12 percent.

You have been tasked with using the FCF model to value Julies Jewelry Co. After your initial review, you find that Julies has a reported equity beta of 1.4, a debt-to-equity ratio of .5, and a tax rate of 21 percent. In addition, market conditions suggest a risk-free rate of 2 percent and a market risk premium of 10 percent. If Julies had FCF last year of $43.5 million and has current debt outstanding of $112 million, find the value of Julies equity assuming a 2.2 percent growth rate in FCF. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

You are going to value Lauryns Doll Co. using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of 1.6, a debt-to-equity ratio of .6, and a tax rate of 21 percent. Assume a risk-free rate of 6 percent and a market risk premium of 8 percent. Lauryns Doll Co. had EBIT last year of $53 million, which is net of a depreciation expense of $5.3 million. In addition, Lauryn's made $4.75 million in capital expenditures and increased net working capital by $3.1 million. Assume the FCF is expected to grow at a rate of 2 percent into perpetuity. What is the value of the firm? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

Lauryns Doll Co. had EBIT last year of $49 million, which is net of a depreciation expense of $4.9 million. In addition, Lauryns made $4.5 million in capital expenditures and increased net working capital by $2.2 million. Assume that Lauryns has a reported equity beta of 1.7, a debt-to-equity ratio of .7, and a tax rate of 21 percent. What is Lauryns FCF for the year?