Going forward, analysts have forecasted the following free cash flows: $2,550.00 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%.

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

Consider recent financials for Ellie's Essentials LLC: Balance Sheet Current Assets Net PPE Total Assets 2018 $11,126.00 $31,000.00 $42,126.00 2017 $10,000.00 $30,000.00 $40,000.00 Current Liabilities Long-term debt Total Liabilities Shareholder Equity Liabilities and Equity $8,578.00 $13,813.00 $22,391.00 $19,735.00 $42,126.00 $8,000.00 $12,000.00 $20,000.00 $20,000.00 $40,000.00 2017 $10,000.00 $4,000.00 $6,000.00 $1,000.00 $500.00 $4,500.00 $1,200.00 $3,300.00 $1,320.00 $1,980.00 Income Statement 2018 SALES COGS GROSS PROFIT S&A Depreciation EBIT $11,000.00 $4,400.00 $6,600.00 $1,100.00 $550.00 $4,950.00 $1,272.00 $3,678.00 $1,471.20 $2,206.80 INTEREST EBT TAXES (40.00%) NET INCOME Going forward, analysts have forecasted the following free cash flows: $2,550.00 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 Current Assets Net PPE Total Assets 2018 $11,126.00 $31,000.00 $42,126.00 2017 $10,000.00 $30,000.00 $40,000.00 Current Liabilities Long-term debt Total Liabilities Shareholder Equity Liabilities and Equity $8,578.00 $13,813.00 $22,391.00 $19,735.00 $42,126.00 $8,000.00 $12,000.00 $20,000.00 $20,000.00 $40,000.00 2017 $10,000.00 $4,000.00 $6,000.00 $1,000.00 $500.00 $4,500.00 $1,200.00 $3,300.00 $1,320.00 $1,980.00 Income Statement 2018 SALES COGS GROSS PROFIT S&A Depreciation EBIT $11,000.00 $4,400.00 $6,600.00 $1,100.00 $550.00 $4,950.00 $1,272.00 $3,678.00 $1,471.20 $2,206.80 INTEREST EBT TAXES (40.00%) NET INCOME Going forward, analysts have forecasted the following free cash flows: $2,550.00 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