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

$)$

$$$

$8$

$6$

$$$

$1$

$0$

$6$

$$$

$1$

$2$

$1$

$$$

$1$

$2$

$6$

Depreciation

$2$

$6$

$3$

$6$

$4$

$1$

$4$

$6$

Pretax profit

$6$

$0$

$7$

$0$

$8$

$0$

$8$

$0$

Tax at

$3$

$0$

$\%$

$1$

$8$

$2$

$1$

$2$

$4$

$2$

$4$

Investment

$1$

$5$

$1$

$8$

$2$

$1$

$2$

$3$

From year

$5$

$$onward$,$ EBITDA, depreciation, and investment are expected to remain unchanged at year

$-$

$4$

$$levels$.$ Laputa is financed

$6$

$0$

$\%$

$$by equity and

$4$

$0$

$\%$

$$by debt. Its cost of equity is

$1$

$7$

$\%$

$,$

$$its debt yields

$8$

$\%$

$,$

$$and it pays corporate tax at

$3$

$0$

$\%$

$.$

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.