Part A) Find the free cash flow for the firm in 2020.

Part B) Estimate the firm's price per share using the discounted cash flow model.

Part C) You are trying to estimate the value of Doc McRuffins Inc. It is a rival to Ellie's Essentials, but not publicly traded. You know Doc's EITDA pf $4,750 for 2020. Using multiples, what is a rough estimate for the enterprise value of Doc McRuffins?

Consider recent financials for Ellie's Essentials LLC Balance Sheet 2020 2019 Current Assets $11,346 00 $10,000.00 Net PPE $31.000 00 $30,000.00 540,000.00 Total Assets $42,346.00 Current Liabilities $8,531.00 Long-term debt $13,609 00 $8,000.00 $12.00000 $20,000.00 Total Liabilities $22.140.00 $20 206.00 $20,000.00 Shareholder Equity $42.346.00 $40,000 00 Liabilities and Equity Income Statement 2020 2019 SALES $11,000 00 $10,000.00 COGS $4,400.00 $4,000.00 GROSS PROFIT $6,600 00 $6,000.00 S&A $1,100.00 $1,000.00 Depreciation $550.00 $500.00 EBIT $4,950 00 $4,500.00 INTEREST $1,272,00 $1,200.00 $3,678.00 $3,300.00 $1,434,42 $1,287,00 TAXES (39.00%) NET INCOME $2.243.58 $2.013.00 Going forward, analysts have forecasted the following free cash flows $2,750.00 in 2021, and S2,600.00 in 2022. After that point analysts expect free cash flows to grow at 5.00%. The firm has no short-term debt or preferred stock, and there are 1.000 shares outstanding. The firm's cost of capital is 11.00%