0 5 on 1 15,000 -6,000 2 3 15,000 15,000 -6,000 -6,000 4 15,000 -6,000 9,000 -3,000 9,000 -3,000 9,000 3,000 9,000 3,000 Year 1. Revenues 2. COGS [cost of good sold and operating expenses. Gross profit 3. Selling general and administrative expenses 4. Depreciation expenses EBIT [ earning before interest and taxes 5. Income tax 40% ] Incremental earning 6. Add : back depreciation 7. Purchase of equipment Incremental free cash flow 1,500 4,500 1,500 4,500 - 1,500 4,500 - 1,500 4,500 -1,500 -1,500 18,000 2,700 1,500 -8,000 8,000 4,200 18,000 18,000 2,700 2,700 1,500 1,500 18,000 2,700 1,500 600 900 1,500 4,200 4,200 4,200 600 A. Suppose that the firm has no incremental cash or inventory requirements (products will be shipped directly from the contract manufacture) receivables related to the firm are expected account for 15% of annual sales, and payables are expected to be 15% of the annual cost of goods sold what is the firm's net working capital and change in NWC B. Based on your result in (a) and assuming that the firm's cost of capital is 12%, compute the enterprise value of the firm. Consider infinity and the firm will be sold after year 5. C. What is the price of the share if the firm has 120$ debt and cash of 75$ and its number of shares outstanding is 600