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Check my work You are going to value Lauryn's Doll Co using the FCF model...

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Check my work You are going to value Lauryn's Doll Co using the FCF model After consulting various sources, you find that Lauryn's has a reported equity beta of 18, a debt-to-equity ratio of 3, and a tax rate of 21 percent. Assume a risk-free rate of 3 percent and a market risk premium of 9 percent. Lauryn's Doll Co had EBIT last year of $60 million, which is net of a depreciation expense of $6 million. In addition, Lauryn's made $555 million in capital expenditures and increased networking capital by $23 million Assume the FCFIS expected to grow at a rate of 3 percent into perpetuilty What is the value of the firm? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Firm value milion CE

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