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(Topic: Company Valuation) You need to estimate the value of Laputa Aviation. You have the...

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(Topic: Company Valuation) 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's debt to equity ratio is 1 . Its cost of equity is 11%, its debt yields 9%, and it pays corporate tax at 40%. Estimate the company's total value. (Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole amount.)

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