what is the firm's equity value?

step by step solution please

with equations used

thanks

You have forecast the following Free Cash Flow stream for company VLNK Ltd (all amounts in Em). Year FCF 69 72 73 Years 1 to 3 is the Explicit Forecast Period, Additionally, you have determined the following The WACC IS 9%. NOPAT in Year 3 is 85m. RONIC IS 15% Long-term growth rate is 2% The latest available balance sheet is the following: The latest available balance sheet is the following: Balance Sheet (Em) 2020 Assets Cash (Operating 50 100 Cash (Excess) Accounts Receivable Inventory 95 220 Current Assets 465 280 Property, Plant and Equipment Equity investments 180 Total Assets 925 130 Liabilities and Equity Accounts Payable Short Term Debt Accrued Expenses Current Liabilities 50 80 260 Long-Term Debt 250 Equity 415 Total Liabilities and Equity 925