1. Calculate the expected price for this company using an Enterprise Value Model. The average EV/EBITDA for your competitors is 8. Use all necessary variables from the 2019 column. There are 2500 shares outstanding.

Information given in column 2019' is at time zero and also represents trailing twelve month (ttm). 2016 2017 2018 2019 Dividend $0.85 $0.90 $0.95 $1.00 EPS $2.125 $2.25 $2.375 ROE 18% 19% 18% P/E BVPS Sales/Share FCF/Share EBITDA 23,000 22,000 23,000 Debt 45,000 50,000 55,000 50,000 Cash 10,000 12,000 8,000 10,000 FCF 12,500 12,500 15,000 17,500