QUESTION 1 ASSUMPTIONS {'5 Millions} Q1.A. [2 Points] Answer North Furniture Co. [\"North") is a leading provider of high-end furniture. You are part of the Finance team working on building a discounted cash flow analysis. North is publicly-traded on the NASDAQ stock exchange. Financial and other information are listed below and in Exhibits A & B of the Appendix. Assume that the North debt market and book values are the same. North Market Information North Debt Stock Price $T0.00 Cost of Debt 4.70% Shares Outs. [MM] 42 Maturity {Yrs} 10 Credit Rating Ba1 fBB+ Target Debti'Cap. 6096 North Betas Delta Subsidiary Levered Beta 2 North Equity Stake 75% Debt Beta 0.35 Stock Price $14.00 Shares Outs. {AWL} 125 Net Debt $78.2 What is North's equity market value