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The Green Bamboo Co. earned $35 million before interest and taxes

on revenues of $95 million last year. Capital expenditures were $20 million, and depreciation was $15 million. The additions to working capital were $6 million. The firm's weighted average cost of capital is 12.45%, the marginal tax rate is 40%, and the expected cash flow growth is 5%. The market value of debt is $25 million. The value of the firm's equity is closest to:


A.None of the options
B.$140.93 million
C.$85.12 million
D.$115.93 million
E.$73.70 million

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