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 will be $210 million.• At year-end 2016,Kenmore Air has reached maturity,and analysts expect its equity will sell for 15 times year 2016 net income.• At year-end 2016,Kenmore Air has $300 million book value of interest-bearing liabilities outstanding at an average interest rate of 10 percent.• 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 will be $210 million.• At year-end 2016,Kenmore Air has reached maturity,and analysts expect its equity will sell for 15 times year 2016 net income.• At year-end 2016,Kenmore Air has $300 million book value of interest-bearing liabilities outstanding at an average interest rate of 10 percent.• 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