Consider recent financials for Ellie's Essentials LLC: Balance Sheet 2018 2017 Current Assets $11,249.00 $10,000.00 Net PPE $31,000.00 $30,000.00 Total Assets $42,249.00 $40,000.00 Current Liabilities $8,614.00 $8,000.00 Long-term debt $12,952.00 $12,000.00 Total Liabilities $21,466.00 $20,000.00 Shareholder Equity $20,783.00 $20,000.00 Liabilities and Equity $42.249.00 $40,000.00 Income Statement 2018 2017 SALES $11,000.00 $10,000.00 COGS $4,400.00 $4,000.00 GROSS PROFIT $6,600.00 $6,000.00 S&A $1,100.00 $1,000.00 $500.00 Depreciation $550.00 EBIT $4,950.00 $4,500.00 INTEREST $1,272.00 $1,200.00 $3,300.00 EBT $3,678.00 TAXES (38.00%) $1,397.64 $1,254.00 NET INCOME $2,280.36 $2,046.00 Going forward, analysts have forecasted the following free cash flows: $2,600.00 in 2019, and $2,600.00 in 2020. After that point, analysts expect free cash flows to grow at 3.00%. The firm has no short-term debt or preferred stock, and there are 1,000 shares outstanding. The firm's cost of capital is 9.00%. Find the free cash flow for the firm in 2018. Submit Answer format: Currency: Round to: 2 decimal places Estimate the firm's price per share using the discounted cash flow model. Submit Answer format: Currency: Round to: 2 decimal places You are trying to estimate the value of Doc McRuffins Incorporated. It is a rival firm to Ellie's Essentials, but not publicly traded. You do know that Doc McRuffins has an EBITDA of $4,750 for 2018. Using multiples, what is a rough estimate for the enterprise value of Doc McRuffins Submit Answer format: Currency: Round to: 2 decimal places Consider recent financials for Ellie's Essentials LLC: Balance Sheet 2018 2017 Current Assets $11,249.00 $10,000.00 Net PPE $31,000.00 $30,000.00 Total Assets $42,249.00 $40,000.00 Current Liabilities $8,614.00 $8,000.00 Long-term debt $12,952.00 $12,000.00 Total Liabilities $21,466.00 $20,000.00 Shareholder Equity $20,783.00 $20,000.00 Liabilities and Equity $42.249.00 $40,000.00 Income Statement 2018 2017 SALES $11,000.00 $10,000.00 COGS $4,400.00 $4,000.00 GROSS PROFIT $6,600.00 $6,000.00 S&A $1,100.00 $1,000.00 $500.00 Depreciation $550.00 EBIT $4,950.00 $4,500.00 INTEREST $1,272.00 $1,200.00 $3,300.00 EBT $3,678.00 TAXES (38.00%) $1,397.64 $1,254.00 NET INCOME $2,280.36 $2,046.00 Going forward, analysts have forecasted the following free cash flows: $2,600.00 in 2019, and $2,600.00 in 2020. After that point, analysts expect free cash flows to grow at 3.00%. The firm has no short-term debt or preferred stock, and there are 1,000 shares outstanding. The firm's cost of capital is 9.00%. Find the free cash flow for the firm in 2018. Submit Answer format: Currency: Round to: 2 decimal places Estimate the firm's price per share using the discounted cash flow model. Submit Answer format: Currency: Round to: 2 decimal places You are trying to estimate the value of Doc McRuffins Incorporated. It is a rival firm to Ellie's Essentials, but not publicly traded. You do know that Doc McRuffins has an EBITDA of $4,750 for 2018. Using multiples, what is a rough estimate for the enterprise value of Doc McRuffins Submit Answer format: Currency: Round to: 2 decimal places
