You are going to value Sheldon’s Flag co. using the FCF model. After consulting various sources, you find that Sheldon has reported equity beta of 1.7. a debt-to equity ratio of .5, and a tax rate of 40%. Assume a risk-free rate of 6% and a market risk premium of 12%. Sheldon’s Flag co. had EBIT last year of $57 million, which is net of a depreciation expense of $5.7 million. In addition, Sheldon made $4.3 million in capital expenditures and increased net working capital by $2.6 million. Assume her FCF is expected to grow at a rate of 2% into perpetuity. What is the value of the firm?