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(7.5 pts) Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company o. dollar amounts in thousands) Net Cash

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(7.5 pts) Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company o. dollar amounts in thousands) Net Cash Flow from Operations Interest Expense after tax Decrease (Increase) in Cash Required for Operations Net Cash Flow from Investing 2012 2013 2014 2015 2016 2017 628 854 1059 1345 1655 148 -48 564 122 -75 134 -54 148 48 145 -32 155 -61 287 -300 310 285 -294277 Net Cash from Debt Financing 210 204 140 85 40 46 Present Value Factors (Re-8.5%) Common Shares Outstanding in thousands 0.922 1,512 0.849 0.783 0.722 0.665 Using the above information and assuming that steady-state growth in year 2017 and beyond will be 4% calculate Shady Sunglasses current value per share using the discounted free cash flow valuation model

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