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:

From year $5$ onward, EBITDA, depreciation, and investment are expected to remain unchanged at year$-4$ levels. Laputa is financed

$50\%$ by equity and $50\%$ by debt. Its cost of equity is $20\%,$ its debt yields $6\%,$ and it pays corporate tax at $30\%.$

a$.$ Estimate the company's total value.

Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount.

b$.$ What is the value of Laputa's equity?

Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount.

a$.$ Total value

b$.$ Laputa's equityYou 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

$1234$

Earnings before interest, taxes, depreciation, and amortization $($EBITDA$)$ $ $71$ $ $91$ $ $106$ $ $111$

Depreciation $11212631$

Pretax profit $60708080$

Tax at $30\%18212424$

Investment $8111416$

From year $5$ onward, EBITDA, depreciation, and investment are expected to remain unchanged at year$-4$ levels. Laputa is financed $50\%$ by equity and $50\%$ by debt. Its cost of equity is $20\%,$ its debt yields $6\%,$ and it pays corporate tax at $30\%.$

Estimate the company$$s total value.

Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount.

What is the value of Laputa$$s equity?

Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount.