You were given estimates of free cash flow from the company, presented below. You know that these cash flows will not grow at such a pace indefinitely and you are likely to be conservative on the estimates of the future of any future cash flows. You think that a 2% growth is achievable. Current assets are equal to $10 million, current liabilities are $15 million, long-term debt is equal to $6 million, and preferred shares are equal to $2 million. What is the value of equity for the firm? Cash flows for years 0 to 5 Years 0 1 2 3 4 5 (In $ millions) ) 3.0 5.3 6.9 7.4 10.0 12.0 The T-bill offers a 5% rate of return while the S&P 60 returned 16% to investors last year. You estimate that the company has beta equal to 1.5