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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? $______

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