Question
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 |
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Present Value Factors (Re = 8.5%) | 0.922 | 0.849 | 0.783 | 0.722 | 0.665 |
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Common Shares Outstanding in thousands | 750 |
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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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