20. Problem 9.20 (Corporate Value Model) ebeok Assume that today is December 31, 2021, and that the following information applies to Abrer Allines: - After-tax eperating income [EBIT(1 - T)] for 2022 is expected to be $500 milion. - The depreciation expense for 2022 is expected to be $60 million. - The cepital expenditures for 2022 are expected to bo 3325 million. - No change is expected in net operating working capital. - The free cash flow is expected to grow at a constant rate of 5% per year. - The required return on equity is 16%. - The WACC is 10%. - Toe firm has $207 miltion of noneperating assets. - The market value of the company's debt is $4.229 billion. . 210 milion shares of stock are cutstanding