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Consider recent financials for Ellie's Essentials LLC Balance Sheet 2020 2019 Current Assets $11,144.00 $10,000.00 Net PPE $31,000.00 $30,000.00 Total Assets $42,144.00 $40,000.00 Current Liabilities

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Consider recent financials for Ellie's Essentials LLC Balance Sheet 2020 2019 Current Assets $11,144.00 $10,000.00 Net PPE $31,000.00 $30,000.00 Total Assets $42,144.00 $40,000.00 Current Liabilities $8.987 00 $8,000.00 Long-term debt $13,079.00 $12,000.00 Total Liabilities $22,066.00 $20,000.00 Shareholder Equity $20.078.00 $20,000.00 Llabilities and Equity $42,144.00 $40,000.00 2020 2019 Income Statement SALES $11,000.00 $10,000.00 s. A SLAND 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 (40.00%) $1,471 20 $1,320.00 NET INCOME $2,206.80 $1,980,00 Going forward analysts have forecasted the following free cash flows $2,500.00 in 2021, and $2,600.00 in 2022. 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 12.00% 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 2020. Using multiples what is a rough estimate for the enterprise value of Doc McRuffins Submit

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