1. Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $2.2 million. Its depreciation and capital expenditures will both be $300,000, and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $48,000 over the next year. Its tax rate is 40%. If its WACC is 11% and its FCFs are expected to increase at 4% per year in perpetuity, what is its enterprise value?

The company's enterprise value is $____ . (Round to the nearest dollar.)

2. This year, FCF Inc. has earnings before interest and taxes of $10,360,000, depreciation expenses of $1,200,000, capital expenditures of $1,400,000, and has increased its net working capital by $400,000. If its tax rate is 38%,

what is its free cash flow?______

3. CSH has EBITDA of $6 million. You feel that an appropriate EV/EBITDA ratio for CSH is 10. CSH has $7 million in debt, $3

million in cash, and 825,000 shares outstanding. What is your estimate of CSH's stock price?

The estimate of CSH's stock price is ____.

(Round to the nearest cent.)

4. The present value of JECK Co.'s expected free cash flow is $104 million. If JECK has $34 million in debt, $4 million in cash, and 3.1 million shares outstanding, what is its share price?

The company's share price is $____.

(Round to the nearest cent.)