So you're assuming no recap, no preferred (senior or junior), no warrants, and a PE that indicates a WACC of 5.88% even though their interest on assets & debt greatly exceeds that.
The fact is, there's warrants, there's preferreds, interest on assets and debt is currently 6.84%, a recap will happen, and normalized earnings are closer to $10.5b.
"The first sound they'll hear is their heads hitting the floor"...a second time.