1. Bulls Enterprises (ticker: BE) is engaged in the business of making athletic shoes.
   1. It pays a dividend of $1.50 per quarter; some people believe it will stay the same and others believe it will grow by 5% per year.
   2. Other shoe manufacturers trade in the market for 10.0x EBITDA.
   3. Other similar companies also trade with a PE multiple of 16x.
   4. BE reported net income of $70mm in its most recent year.
   5. BE trades on NASDAQ and closed yesterday at $150 per share.
   6. BE has 5.0 million shares outstanding.

Dividend	Growing Dividend	Market Value	PE Method

Show total valuations (not per share) using three of the four different methodologies listed below. Place your answer in the table below and show your work. (9 points)