Question: The following table presents a four - year forecast for Kenmore Air, Inc. Estimate the fair market value of Kenmore Air's equity per share at

The following table presents a four-year forecast for Kenmore Air, Inc. Estimate the fair market value of Kenmore Air's equity per share at the end of 2012 under the following assumptions: a. EBIT in year 2016 is $200 million, and then grows at 5 percent per year forever. b. To support the perpetual growth in EBIT, capital expenditures in year 2017 exceed depreciation by $30 million, and this difference grows 5 percent per year forever. c. Similarly, working capital investments are $15 million in 2017, and this amount grows 5 percent per year forever.
The following table presents a four - year

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