Sprint Inc. expects the​ following:
​UCFBT=$ 10 million in perpetuity from the end of year 1.
​Debt= $ 20 million. Rb​ =5% Tax rate is​ 50% R0​ =10%
Debt is fully amortized over 3 years in three equal payments.
Find the value of​ Sprints’ equity today.
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Part 1
Sprints Equity today is​ $ ____ enter your response here million.​ (Round to two​ decimals)
Use 99 if the answer is indeterminate