Question
Consider the following abbreviated financial statements for Jinghua: JINGHUA 2018 and 2019 Partial Balance Sheets Assets Liabilities and Owners Equity 2018 2019 2018 2019 Current
Consider the following abbreviated financial statements for Jinghua:
JINGHUA 2018 and 2019 Partial Balance Sheets | ||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||
2018 | 2019 | 2018 | 2019 | |||||||||||
Current assets | $ | 3,700 | $ | 4,200 | Current liabilities | $ | 1,480 | $ | 1,720 | |||||
Net fixed assets | 15,700 | 18,240 | Long-term debt | 8,000 | 8,600 | |||||||||
Equity | 9,920 | 12,120 | ||||||||||||
JINGHUA 2019 Income Statement Info | ||
Sales | $ | 22,600 |
Costs | 11,000 | |
Depreciation | 2,000 | |
Interest paid | 400 |
The tax rate is 35%. Long term debt trades at 125% of par. The firm has 500 shares outstanding. Free Cash Flow to the Firm and the Free Cash Flow to Equity are both expected to grow at 2% forever. The weighted average cost of capital is 16%. The cost of equity is 24%.
What is the Net Income for 2019? $______
What is the Free Cash Flow to the Firm for 2019? $______
What is the Value of the Firm (Assets)? $______
accurate to minimum 2 decimals
What is the stock price per share using the discounted FCFF valuation? $______
What is the Free Cash Flow to Equity for 2019? $______
What is the stock price per share using the discounted FCFE valuation? $______
PLEASE ANSWER IN DETAILS!!!!!!!!
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