P/E capital spend/share long term debt (000s) shares (000s) earnings per share working capital (000s) depreciation (000s) weighted aver cost of capital PV factor for FCFF tax rate 2020 (actual) 16.00 7.00 20000 2000 5.50 4000 15000 10.00 1.000 21% 2021 (est) 16.00 7.50 21500 2150 6.00 4500 16000 10.25 .9070 2022 17.00 8.00 23000 2300 6.50 4000 16000 10.25 .8227 2023 18.00 8.00 23000 2300 7.00 5500 17000 10.30 7459 18.00 8.50 24000 2450 7.00 5500 16000 10.50 .6750 Max Fale interest rate on debt terminal growth of the dividend 3.5% 4.0% The terminal value of PF stock is $ [Select] terminal value The present value of all the FCFF is $ [Select] ; note, this includes the FCFF for all estimated years The equity value of the company (net of long term debt) is $ [Select] value basis. The intrinsic value per share of PF Energy is $ [Select] Note, this is shown on a