Intro In the most recent year (2020), UPipe had an EBIT of $230 million. Depreciation was $46…

Intro In the most recent year (2020), UPipe had an EBIT of $230 million. Depreciation was $46 million, increase in net working capital was $23 million and net capital spending was $57.5 million. Over the next 4 years, EBIT is expected to grow by 20% per year, depreciation by 15% per year, capital expenditure by 25% per year and change in net working capital by 15% per year. The annual free cash flow is expected to grow by 4% per year after 2024 The weighted average cost of capital is 8% and the average tax rate is 34%. The firm has $610 million of debt with an average interest rate of 8% and 10 million shares outstanding. Part 1 IB Attempt 1/10 for 10 pts. What was the free cash flow in 2020 (in $ million)? 91.43 Try again Try again See solution (-2 pts.) Part 2 Attempt 1/10 for 10 pts. What is the expected free cash flow in 2024 (in $ million)? 0+ decimals Submit Attempt 1/10 for 10 pts. Part 3 What is the terminal value in 2024 (in $ million)? 0+ decimals Submit Part 4 Attempt 1/10 for 10 pts. What is the firm value today, at the beginning of 2021 (in $ million)?