I require help in part C of this question, I have done parts a and b. I have included my table that answers A and B. How do not know how to tackle part C. If you could provide a detailed answer with corresponding formulas that are applicable that would be appreciated. Thank You.

We find the following information on NPNG (No-Pain-No-Gain) Inc.:

EBIT = $2,000,000

Depreciation = $250,000

Change in net working capital = $100,000

Net capital spending = $300,000

These numbers are projected to increase at the following supernormal rates for the next three years, and 5% after the third year for the foreseeable future:

EBIT: 20%

Depreciation: 10%

Change in net working capital: 15%

Net capital spending: 10%

The firm's tax rate is 35%, and it has 1,000,000 outstanding shares and $8,000,000 in debt. We have estimated the WACC to be 15%.

a.Calculate the EBIT, Depreciation, Changes in NWC, and net capital spending for the next four years.

b. Calculate the CFA* for each of the next four years, using the formula

CFA* = EBIT(1 - T) + Depr - ?NWC - NCS.

c. Calculate the firm's share price at time 0.

Year 0 1 2 3 4 EBIT 200,000.00 2,400,000.00 2,880,000.00 3,456,000.00 3,628,800.00 EBIT Growth Rate 20% 20% 20% 5% Depreciation 250,000.00 275,000.00 302,500.00 332,750.00 349,387.50 Depreciation Growth Rate 10% 10% 10% 5% Changes in NWC 100,000.00 115,000.00 132,250.00 152,087.50 159,691.88 Changes in NWC Growth Rate 15% 15% 15% 5% Net Capital Spending 300,000.00 330,000.00 363,000.00 399,300.00 419,265.00 Net Capital Spending Growth Rate 10% 10% 10% 5% EBIT(1-Tax Rate) 35% 1,560,000.00 1,872,000.00 2,246,400.00 2,358,720.00 Net Income 1,560,000.00 1,872,000.00 2,246,400.00 2,358,720.00 CFA 1,390,000.00 1,679,250.00 2,027,762.50 2,129,150.63