Question: please answer the following: please mark the steps clearly You have the following information on XYZ Inc. Its EBIT in 2021 was $1,112 million. Its

please answer the following: please mark the steps clearly

You have the following information on XYZ Inc. Its EBIT in 2021 was $1,112 million. Its effective tax rate is 35%, the market value of debt is $4,784 million, its long-term growth rate is 5.2%, and its WACC is 6.85%. XYZ Inc. is paying out 70% of its earnings as dividends to shareholders. There are 1,100 million outstanding shares. What is the fair value of XYZ Inc. share as of 2021?

also show how to do this with excel if possible. thank you!

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