Background: You want to calculate a reasonable value for your firm.

To accomplish this, you have estimated your firm's Free Cash Flows (FCF) for the next 5 years and made an assumption on how those cash flows will grow into the future, perpetually.

Calculate the value of the firm based on the assumptions listed below. For this exercise, please (1) calculate the Present Value (PV) of given cashflows (FCF) for each period, (2) calculate the terminal value (TV) of the cashflows past the years where you have assumptions (3) present value the terminal value (TV) back to today "day 0". Assume annual compounding.

Assumptions:
WACC (discount rate)				8.50%
Assumed Perpetual Growth Rate				4.00%
Shares outstanding				1,500
Value of the Firm						Fill out all values in Grey Boxes
Value per share
	Year	Est FCF	Discount Factor	PV CF
	1	$3,000
	2	$3,200
	3	$3,800
	4	$4,100
	5	$4,200
TV	6