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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 $ $ $ 120 125 Earnings before interest, tuxos, depreciation, and anortiration (EBITDA Depreciation Pretax profit Yaxat 40% Investment 85 25 GO 24 14 105 35 70 28 12 40 30 32 20 80 32 From year 5 orward. 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 16%, its debt yields 7%, and it pays corporate tax at 40% o. Estimate the company's total value (Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount.) miton b. What is the value of Laputa's equity? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Luty mon

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