At the end of 2007, you forecast CF for a firm with net deb of 759 million that costs 7% percent annually.
NOPAT in 2007,2008,2009 respectively: 1450$, 1576$, 1718$.
FCF to equity in 2007,2008,2009 respectively:1020, 1124, 1200.
You forecast that both CF will grow at a rate of 4% after 2009. Use require return on equity of 21% and tax of 35%, calculate market value of equity and market value of assets at end of 2006