You collected the following information about International Electric Vehicles, Inc. (Nasdaq: IEV). In the current year (i.e., Year 0), IEV has net income of $10 million, depreciation of $2 million, capital expenditures of $5 million, and an increase in working capital of $1 million. Interest expenses are $2 million. The current market value of IEVs outstanding debt is $29.5 million. Free cash flow to the firm (FCFF) is expected to grow at 3.60 percent indefinitely The tax rate is 25 percent. IEV is financed with 40 percent debt and 60 percent common equity. The before-tax cost of debt is 8 percent, and the cost of equity is 12 percent. IEV has 5 million shares outstanding. 3. Calculate the free cash flow to the firm (FCFF) for the current year. 4. Estimate the weighted average cost of capital. 5. Calculate the total value of the firm. 6. Determine the per-share value of equity.

Can you double-check my answers? Here are the answers that I have:

3. $7.5M

4. 31.2%

5. $28,152,173.91

6. -$0.27