[Question (1)-(9) are sharing the same information] CougarCorp is a privately-owned fuel cell company. The possibility of CougarCorp going public has attracted a lot of market attention, and you want to estimate in enterprise value. ROUND ANSWERS TO 2 DECMML PLACES - CougarCorp's current D,E ratio is 1/4 and it plans to keep this ratio fixed, CougarCorp's long-term bonds are traded at a YTM of 5%. - You determined that CougarCorp's operating risk characteristics are comparable to those of FuelCell, whose costs of debt and equity are 4.5% and 12%, respectively. FuelCelr's DE ratio is 1/3, which is expecied to remain stable. FuelCell has an EVIEBIT rato of 15. - CougarCorp's corporate tax rate is 40%. (All the other MoM assumptions hold.) Suppose that you forecasted CougarCorp's free cash flows for the next three years as follows: You need to estimate the terminal value at year 3 based on the "exit" multiple approach. If CougarCorp's EBIT at year 3 is expected to be $127B and FuelCell has an EV/EBIT ratio of 15 , what is the terminal value