Consider the following abbreviated financial statements for Boathead Enterprises: BOATHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets Assets Liabilities anc 2014 2015 Current Current $ 946 $ 1,008 assets liabilities Net fixed Long-term 3,907 4,600 assets Equity debt BOATHEAD ENTERPRISES 2015 Select Income Statement Info Sales $ 12,340 Costs 5,920 Depreciation 1,050 Interest paid 190 The tax rate is 35%. Long term debt trades at par. The firm has 1,000 shares outstanding. Free Cash Flow to the Firm will grow at 2% and the Free Cash Flow to Equity will grow at 7% forever. The weighted average cost of capital is 12%. The cost of equity is 20%. Construct the income statement. What is the Free Cash Flow to the Firm for 2015? $ Question 4 What is the Value of the Firm (Assets)? $