You are trying to value a new AI startup. This startup will be financed with 10% debt and 90% equity and is expected to maintain this capital structure. The unlevered cost of capital in the industry is 15%. The cost of debt for this company is 4%. You estimate that the FCF for the first 4 years will be $-10 M (t=1), $0 (t=2), $5 M (t=3), and $9 M (t=4). Additionally, you estimate that the EBIT in year 4 will be $14 M. The tax rate for this company is 15%.

Q6) What is the value of the company today if you believe the growth rate of FCF after year 4 is 4%?

Q7) What is the value of the company today if you believe the EV/EBIT exit multiple in year 4 will be 10.4?

Q8) Given your answer to Q7, if the company had 5 million shares, what should the price of each share be?

Input the Terminal Value in the answer prompt.