Given the forecast below,estimate the fair market value of Kenmore Air's equity per share at the end of 2012 under the following assumptions:
• EBIT in year 2016 is $210 million,and then grows at 4 percent per year forever.• To support the perpetual growth in EBIT,capital expenditures in year 2017 exceed depreciation by $25 million,and this difference grows 4 percent per year forever.• Similarly,working capital investments are $10 million in 2017,and this amount grows 4 percent per year forever.• Kenmore Air's weighted-average cost of capital is 11 percent and its tax rate is 40 percent.• Kenmore Air has 50 million shares outstanding and the market value of its interest-bearing liabilities on the valuation date equals $300 million.

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The Answer of Given the forecast below,estimate the fair market value of Kenmore Air's equity per share at the end of 2012 under the following assumptions:
• EBIT in year 2016 is $210 million,and then grows at 4 percent per year forever.• To support the perpetual growth in EBIT,capital expenditures in year 2017 exceed depreciation by $25 million,and this difference grows 4 percent per year forever.• Similarly,working capital investments are $10 million in 2017,and this amount grows 4 percent per year forever.• Kenmore Air's weighted-average cost of capital is 11 percent and its tax rate is 40 percent.• Kenmore Air has 50 million shares outstanding and the market value of its interest-bearing liabilities on the valuation date equals $300 million.

Given the Forecast Below,estimate the Fair Market Value of Kenmore