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A&G Co. operates retail sunglass kiosks in shopping malls. Below is information related to the company: (dollar amounts in thousands) 2012 2013 2014 2015 2016

A&G Co. operates retail sunglass kiosks in shopping malls. Below is information related to the company:

(dollar amounts in thousands)

2012

2013

2014

2015

2016

2017

Net Cash Flow from Operations

592

622

653

686

720

756

Interest Expense after tax

75

82

85

72

65

77

Decrease (Increase) in Cash Required for Operations

-75

-54

-48

-32

-61

-48

Net Cash Flow from Investing

-287

-300

-310

-285

-294

-277

Net Cash from Debt Financing

210

204

140

85

-40

-46

Present Value Factors (Re = 8.5%)

0.922

0.849

0.783

0.722

0.665

Common Shares Outstanding

in thousands

750

Required:

Using the above information and assuming that steady-state growth in year 2017 and beyond will be 4% calculate A&G current value per share.

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