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 $19\%,$ its debt yields $10\%,$ 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 equity