Problem $13-25$ Company Valuation $($LO$5)$

You need to estimate the value of Laputa Aviation. You have the following forecasts $($in millions of dollars$)$ of its profits and of its future investments in new plant and working capital:

$\backslash$table$[[,$Year$],[,,1,2,3,4],[\backslash$table$[[$Earnings before interest, taxes, depreciation, and amortization$],[($EBITDA$)]],$$$,88,$$$108,$$$123,$$$128$