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ma' het ve bees mur Sales Problem (15 points) Corporation Income Statements for Year Ending Decem! Edin December 11 Millions of Dollars Sales $3.750.0 Operating

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ma' het ve bees mur Sales Problem (15 points) Corporation Income Statements for Year Ending Decem! Edin December 11 Millions of Dollars Sales $3.750.0 Operating costs excluding depreciation Depreciation and amortization 1090 Earnings before interest and taxes (EBIT) $933.0 Less Interest Pre-tax income (EBT) Taxes (2896) 244.16 Net income available to common stockholders 5627.84 Common dividends Rhodes Corporation Balance Sheets as of December 31 ( Millions of Dollars) 2019 2018 $39.0 543.0 19.0 $1,305.0 1,088.0 $2.393.0 330.0 690 0 $1.074.0 870.0 51.9.44.0 7 Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $300.0 150.0 60.0 $510.0 $345.0 195.0 75.0 $615.0 750.0 $1,365.0 951.8 76.2 600.0 SI.1 10.0 780.0 54.0 $1,028.0 $2.393,0 $834.0 $1.944.0 a) What was the XYZ's free cash flow for 2019 (FCF3010)? (Hint: note that the Fixed Asset in the balance sheet is net of accumulated depreciation.). So use the appropriate Free Cash Flow formula b) Assuming that in the next years that is in 2030 -1) and 2021(2) the company's FCF is expected to grow at 10 per year, Leveling off a 3% per year indefinitely after that that is at the end of the year 2021), Fill out the timeline, find the orion value and the firm's value of operations. WACC-10%. (Hint: FCFCF . Also, 2021 is the horizon year. The Steps below will help you to answer this question) Step 1: Step 2: HV Step 3 CFs in your calculator Step 4: NPV-Vops c) Find the value of the firm, total market value of common equity, as well as per share value (price per share). There is no preferred stock in the capital mix, and the firm has 23.5 million shares outstanding

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