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Gingko Green sells electric bikes. The cost of capital for this firm is 6 . 9 9 % and there are 7 0 , 1

Gingko Green sells electric bikes. The cost of capital for this firm is 6.99% and there are 70,117 common shares outstanding. The firm does not have any preferred equity, however, it has outstanding debt with a market value of $2,887,326. Use the DCF valuation model based on the expected FCFs shown below; year 1 represents one year from today and so on. The company expects to grow at a 3.1% rate after Year 5
Period Free Cash Flow
Year 1 $1,203,213
Year 2 $1,161,223
Year 3 $1,604,176
Year 4 $1,993,383
Year 5 $3,382,282

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