You are part of a team of analysts working on the valuation of Solo Inc. You have just gathered the following information on the company Note: We are at the end of Year O. Projections Solo Inc. (S Millions) Year 2 Year 3 Year 1 359 Year 0 338 747 150 168 108 400 250 100 100 45 770 750 45 Fim FCF EBITDA Cash 120 Other Noa-Opecating Assets (excinding cash) 800 48 Total Debt 400 46 Interest Expenses Additional Assumptions 10-year Treasury rate Cost of debt 4.0% 6.0% 42 Total number of shares outstanding at the end of Year o (in millions) Tax rate 0.75 0.20 5.5% 3.0% 0.0% Histocical equity beta Historical D/V Market Risk Premium Growth Rate of FCF After Year 3 Growth Rate of Interest Expenses After Year 3 cash as a non-operating asset and also decided to use the following formmla for the unlevere 1+(1-t) sume: ,-0