$1.$ Calculate the FCFE $($$million$)$ for year $2024?$

$2.$ Assume that FCFE per share in $2024=$ $$50.$ What is the P $($per share$)$ in the trailing P$/$E at the beginning of $2026?$

$3.$ Assume that FCFE per share in $2024=$ $$50.$ What is the E $($per share$)$ in the trailing P$/$E at the beginning of $2026?$

$4.$ Assume that FCFE per share in $2024=$ $$50.$ What is the P $($per share$)$ in the leading P$/$E at the beginning of $2025?$

$5.$ Assume that FCFE per share in $2024=$ $$50.$ What is the E $($per share$)$ in the leading P$/$E at the beginning of $2025?$It is currently the beginning of $2024.$

The information regarding a company is below:

Sales was $$350$ million in $2023.$ Sales is predicted to grow at $6\%$ per year during

$2024-2025,$ and $2\%$ starting $2026.$

Throughout all years,

Net income $=32\%$ of sales; Depreciation $=9\%$ of sales;

Interest expenses $=2\%$ of sales;

Investment in gross fixed assets $=35\%$ of sales;

Investment in working capital $($excluding cash and short$-$term debt$)=6\%$ of sales;

o $22\%$ of the investment in assets $($including investments in gross fixed assets and

working capital$)$ will be financed with net borrowing.

Cost of equity $=15\%$; Number of shares outstanding $=2$ million