0 Question 4 30 pts The following actual (2020) and projected data (2021 2024) is available to you to compute the intrinsic value of PF Energy stock. 2020 (actual) 2021 (est) 2022 2023 2024 P/E 16.00 16.00 17.00 18.00 18.00 capital spend/share 7.00 7.50 8.00 8.00 8.50 long term debt 20000 21500 23000 23000 24000 (000s) shares (000s) 2000 2150 2300 2300 2450 earnings per share 5.50 6.00 6.50 7.00 7.00 working capital 4000 4500 4000 5500 5500 (000s) depreciation (000s) 15000 16000 16000 17000 16000 weighted aver cost 10.00 10.25 10.25 of capital 10.30 10.50 PV factor for FCFF 1.000 .9070 8227 .7459 .6750 tax rate 22% interest rate on debt 5.0% terminal growth of the 4.5% dividend The terminal value of PF stock is $ [Select] shares (000s) 2000 2150 2300 2300 2450 earnings per share 5.50 6.00 6.50 7.00 7.00 working capital 4000 4500 4000 5500 5500 (000s) depreciation (000s) 15000 16000 16000 17000 16000 weighted aver cost 10.00 10.25 10.25 10.30 10.50 of capital PV factor for FCFF 1.000 .9070 8227 .7459 .6750 tax rate 22% interest rate on debt 5.0% terminal growth of the 4.5% dividend The terminal value of PF stock is $ [Select] The present value of all the FCFF is $ [Select] terminal value The equity value of the company (net of long term debt) is $ [Select] value basis. The intrinsic value per share of PF Energy is $ [Select] ; note, this includes the FCFF for all estimated years + Note, this is shown on a present