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You need to estimate the value of Laputa Aviation. You have the following forecasts (In millions of dollars) of its profits and of its future

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You need to estimate the value of Laputa Aviation. You have the following forecasts (In millions of dollars) of its profits and of its future Investments in new plant and working capital: Year 1 2 3 4 $ $ $ $ Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation Pretax profit Tax at 40% Investment 78 38 49 16 14 98 48 50 20 17 113 53 68 24 2e 118 58 68 24 22 From year 5 onward, EBITDA, depreciation, and Investment are expected to remain unchanged at year-4 levels. Laputa is financed 40% by equity and 60% by debt. Its cost of equity is 13%, its debt ylelds 9%, and it pays corporate tax at 40%. a. Estimate the company's total value. (Do not round Intermediate calculations. Enter your answer in millions rounded to the nearest whole amount.) Total value million b. What is the value of Laputa's equity? (Do not round Intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Laputa's equity million

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