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Using the free cаsh flоw аpprоаch, use the belоw information to estimate the per share value of Red Jet Airlines. (Round your answer to the nearest cent.) Assume that today is December 31, 2019, and you would like to value Red Jet Airlines. (Note that all of the following dollar values are in millions. Therefore, you will not need to convert any of the below dollar values for different units of measure.) (1) Estimates for 2020 are as follows: NOPAT or EBIT(1 – T) = $400. Depreciation Expense = $80. Capital Expenditures = $160. Increase in net operating working capital = $40. (2) Other applicable information is as follows: Free cash flow is expected to grow at a constant rate of 6%. The required return on equity is 15%. The WACC is 11%. The market value of the firm’s debt is $2,400. 200 million shares of common stock are outstanding.