BOATHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014

Current assets $ 946

Current liabilities $ 385

Net fixed assets 3,907

Long-term debt 2,029

Equity 2,439

2015

Current assets $ 1,008

Current liabilities $ 404

Net fixed assets 4,600

Long-term debt 2,197

Equity 3,007

BOATHEAD ENTERPRISES 2015 Select Income Statement Info

Sales $ 12,340

Costs 5,920

Depreciation 1,050

Interest paid 190

The tax rate is 35%. Long term debt trades at par. The firm has 1,000 shares outstanding. Free Cash Flow to the Firm will grow at 2% and the Free Cash Flow to Equity will grow at 7% forever. The weighted average cost of capital is 12%. The cost of equity is 20%.

What is the Free Cash Flow to the Firm for 2015? $______

What is the Value of the Firm (Assets)? $______

What is the stock price per share using the discounted FCFF valuation? $______

What is the stock price per share using the discounted FCFE valuation? $______