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10. The valuation assumptions about Shibu NuNu Inc. are provided as follows, where the assumptions for 2021 as extracted from published financial statements and the

10. The valuation assumptions about Shibu NuNu Inc. are provided as follows, where the assumptions for 2021 as extracted from published financial statements and the assumption for 2022 is forecast. 2021 2022F Net Profit 25,000 33,000 Operating Working Capital 66,000 62,000 Net long-term operating assets 170,000 185,000 Net Debt 85,000 86,000 Forecast free cash flow (FCF) for year 2022. Show your workings.

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