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Consider recent financials for Ellie's Essentials LLC Balance Sheet 2020 2019 Current Assets $11,223.00 $10,000.00 Net PPE $31,000.00 $30,000.00 Total Assets $42.223.00 $40,000.00 Current Liabilities
Consider recent financials for Ellie's Essentials LLC Balance Sheet 2020 2019 Current Assets $11,223.00 $10,000.00 Net PPE $31,000.00 $30,000.00 Total Assets $42.223.00 $40,000.00 Current Liabilities $8.416.00 $8,000.00 Long-term debt $13,778.00 $12,000.00 Total Liabilities $22,194.00 $20,000.00 Shareholder Equity $20.029.00 $20,000.00 Liabilities and Equity $42,223.00 $40,000.00 2020 2019 Income Statement SALES $11,000.00 $10,000.00 COGS $4.400.00 $4,000.00 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 (36.00%) $1,324.08 $1,188.00 NET INCOME $2,353.92 $2,112.00 Going forward analysts have forecasted the following free cash flows: $2,550.00 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% Estimate the firm's price per share using the discounted cash flow model Submit Answer format: Currency Round to 2 decimal places Consider recent financials for Ellie's Essentials LLC Balance Sheet 2020 2019 Current Assets $11,223.00 $10,000.00 Net PPE $31,000.00 $30,000.00 Total Assets $42.223.00 $40,000.00 Current Liabilities $8.416.00 $8,000.00 Long-term debt $13,778.00 $12,000.00 Total Liabilities $22,194.00 $20,000.00 Shareholder Equity $20.029.00 $20,000.00 Liabilities and Equity $42,223.00 $40,000.00 2020 2019 Income Statement SALES $11,000.00 $10,000.00 COGS $4.400.00 $4,000.00 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 (36.00%) $1,324.08 $1,188.00 NET INCOME $2,353.92 $2,112.00 Going forward analysts have forecasted the following free cash flows: $2,550.00 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% Estimate the firm's price per share using the discounted cash flow model Submit Answer format: Currency Round to 2 decimal places
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