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Hello I need help solving this problem. I am unable to copy and paste the excel spreadsheet so I have saved it on a google

Hello I need help solving this problem. I am unable to copy and paste the excel spreadsheet so I have saved it on a google drives document that can be access using the link below.

https://drive.google.com/file/d/1i9z3aLM-FHM4uPGa2iQoeNrXzfPwXLNl/view?usp=sharing

Bynum and Crumpton Inc. (B&C), a small jewelry manufacturer, has been successful and has enjoyed a positive growth trend. Now B&C is planning to go public with an issue of common stock, and it faces the problem of setting an appropriate price for the stock. The company and its investment banks believe that the proper procedure is to conduct a valuation and select several similar firms with publicly traded common stock and to make relevant comparisons.

Several jewelry manufacturers are reasonably similar to B&C with respect to product mix, asset composition, and debt/equity proportions. Of these companies, Abercrombe Jewelers and Gunter Fashions are most similar. When analyzing the following data, assume that the most recent year has been reasonably "normal" in the sense that it was neither especially good nor especially bad in terms of sales, earnings, and free cash flows. Abercrombe is listed on the AMEX and Gunter on the NYSE, while B&C will be traded in the Nasdaq market

a.B&C is a closely held corporation with only 500,000 shares outstanding. Free cash flows have been low and in some years negative due to B&C's recent high sales growth rates, but as its expansion phase comes to an end B&C's free cash flows should increase. B&C anticipates the following free cash flows over the next 5 years:

Year

1

2

3

4

5

FCF

1,000,000

1,050,000

1,208,000

1,329,000

1,462,000

b.After Year 5, free cash flow growth will be stable at 7% per year. Currently, B&C has no non-operating assets, and its WACC is 12%. Using the free cash flow valuation model, estimate B&C's intrinsic value of equity and intrinsic per share price. Do not round intermediate calculations. Round your answer for the value of equity to the nearest dollar. Round your answer for the value of equity per share to the nearest cent.

Value of equity

$fill in the blank 2

Per share value of equity

$fill in the blank 3

c.Calculate debt to total assets, P/E, market to book, P/FCF, and ROE for Abercrombe, Gunter, and B&C. For calculations that require a price for B&C, use the per share price you obtained with the corporate valuation model in part a. Do not round intermediate calculations. Round your answers to two decimal places.

Abercrombe

Gunter

B&C

D/A

fill in the blank 4%

fill in the blank 5%

fill in the blank 6%

P/E

fill in the blank 7

fill in the blank 8

fill in the blank 9

Market/Book

fill in the blank 10

fill in the blank 11

fill in the blank 12

ROE

fill in the blank 13%

fill in the blank 14%

fill in the blank 15%

P/FCF

fill in the blank 16

fill in the blank 17

fill in the blank 18

d.Using Abercrombe's and Gunter's P/E, Market/Book, and Price/FCF ratios, calculate the range of prices for B&C's stock that would be consistent with these ratios. For example, if you multiply B&C's earnings per share by Abercrombe's P/E ratio you get a price. What range of prices do you get? Do not round intermediate calculations. Round your answers to the nearest cent.

The range of prices:

from $fill in the blank 19to $fill in the blank 20

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