Question: Please show work on EXCEL!! I will give a thumbs up if all work and equations are shown and the answer is correct. Thank you!
Please show work on EXCEL!! I will give a thumbs up if all work and equations are shown and the answer is correct. Thank you!

Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax cash flows (for an all-equity firm) are shown below in millions: 0 2 3 4 $990 S125 S250 -S375 +$500 The firm's tax rate is 34 percent; the firm's bonds trade with a yield to maturity of 8 percent; the current and target debt-equity ratio is 2; if the firm were financed entirely with equity, the required return would be 10 percent. Using the flow to equity methodology, what is the value of the equity claim
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