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

$1234$

Earnings before interest, taxes, depreciation, and amortization $($EBITDA$)$ $ $70$ $ $90$ $ $105$ $ $110$

Depreciation $30404550$

Pretax profit $40506060$

Tax at $30\%12151818$

Investment $9121517$

From year $5$ onward, EBITDA, depreciation, and investment are expected to remain unchanged at year$-4$ levels. Laputa is financed $60\%$ by equity and $40\%$ by debt. Its cost of equity is $11\%,$ its debt yields $7\%,$ 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.