Assume you've forecasted and calculated the following Free Cash Flows to Equity Holders.

Year

FCFE

1

$1989.13

2

$2022.29

3

$2313.89

You have also made the assumption that after year 4, the cash flows to equity holders will grow at a constant rate of 5% per year indefinitely.The company recently paid an annual dividend of $6.89and has a current share price of $122.The company also expects that dividends will grow at a constant rate of 3.13% per year indefinitely.Given this information, what is the value of this firm's equity?

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