Estimate the firms price per share using the discounted cash flow model.

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 2018. Using multiples, what is a rough estimate for the enterprise value of Doc McRuffins

Consider recent financials for Ellie's Essentials LLC: Balance Sheet 2017 $11,366.00 $10,000.00 $31,000.00 $30,000.00 $42,366.00 $40,000.00 $8,839.00 $8,000.00 $13,163.00 $12,000.00 $22,002.00 $20,000.00 Shareholder Equity $20,364.00 $20,000.00 Liabilities and Equity $42,366.00 $40,000.00 2018 Current Assets Net PPE Total Assets Current Liabilities Long-term debt Total Liabilities Income Statement SALES COGS GROSS PROFIT S&A Depreciation EBIT INTEREST EBT TAXES (39.00%) NET INCOME 2017 $11,000.00 $10,000.00 $4,400.00 $4,000.00 $6,600.00 $6,000.00 $1,100.00 $1,000.00 $550.00 $500.00 $4,950.00 $4,500.00 $1,272.00 $1,200.00 $3,678.00 $%3,300.00 $1,434.42 $1,287.00 $2,243.58 $2,013.00 2018 Going forward, analysts have forecasted the following free cash flows: $2,800.00 in 2019, and $2,600.00 in 2020. 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 10.00% Find the free cash flow for the firm in 2018 Consider recent financials for Ellie's Essentials LLC: Balance Sheet 2017 $11,366.00 $10,000.00 $31,000.00 $30,000.00 $42,366.00 $40,000.00 $8,839.00 $8,000.00 $13,163.00 $12,000.00 $22,002.00 $20,000.00 Shareholder Equity $20,364.00 $20,000.00 Liabilities and Equity $42,366.00 $40,000.00 2018 Current Assets Net PPE Total Assets Current Liabilities Long-term debt Total Liabilities Income Statement SALES COGS GROSS PROFIT S&A Depreciation EBIT INTEREST EBT TAXES (39.00%) NET INCOME 2017 $11,000.00 $10,000.00 $4,400.00 $4,000.00 $6,600.00 $6,000.00 $1,100.00 $1,000.00 $550.00 $500.00 $4,950.00 $4,500.00 $1,272.00 $1,200.00 $3,678.00 $%3,300.00 $1,434.42 $1,287.00 $2,243.58 $2,013.00 2018 Going forward, analysts have forecasted the following free cash flows: $2,800.00 in 2019, and $2,600.00 in 2020. 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 10.00% Find the free cash flow for the firm in 2018