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Consider recent financials for Ellie's Essentials LLC: Balance Sheet 2020 2019 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

Consider recent financials for Ellie's Essentials LLC:

Balance Sheet

2020 2019
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 $8,798.00 $8,000.00
Long-term debt $13,225.00 $12,000.00
Total Liabilities $22,023.00 $20,000.00
Shareholder Equity $20,226.00 $20,000.00
Liabilities and Equity $42,249.00 $40,000.00

Income Statement 2020 2019
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
Depreciation $550.00 $500.00
EBIT $4,950.00 $4,500.00
INTEREST $1,272.00 $1,200.00
EBT $3,678.00 $3,300.00
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: $2,650.00 in 2021, and $2,600.00 in 2022. After that point, analysts expect free cash flows to grow at 4.00%. The firm has no short-term debt or preferred stock, and there are 1,000 shares outstanding. The firm's cost of capital is 10.00%.

Estimate the firms price per share using the discounted cash flow model.

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