Show EXCEL work please

Use the capital asset pricing model we used in class to determine the value of a firm with the following characteristics: (20 pts)

risk free rate 2.00%

risk premium 4.00%, Beta 1.2

Pre-Tax Cost of Debt 4%, Tax Rate 36%

Debt to Capital Ratio 20%

Revenues 2000

Operating Income (EBIT) $50

Pre-tax return on Capital in growth years is 20%

Reinvestment Rate in growth years is 70%

Length of growth Period 8 years

Return on capital after tax AFTER the growth years (i.e. the mature growth period) is 5.00%

Growth rate AFTER fast growth period (i.e. in the mature growth period ) is 2.50%

This implies that the firm is reinvesting ________________ % in the mature period