Projected Income Statement in 2019 5 $ 5 $ 5 5 $ 5 Assump Sales Custs of Goods Sald Sales, Gen & Ank march and E DBA (Depreciation and Amo earr Interest Expense Pretax income Tom (10%) Net Income A Beets Music Equity Beta 30-Yearrak fre Marie Risk Premium YTM on Deb Cument Stock Price Shares Outstanding Number Tax Rate WACC Caculations 5 2020 390,000,000 220.000.000 20,000,000 50,000,000 40,000,000 60,000,000 5,000,000 55,000,000 15,500,000 38.500.000 1.45 1.00% 70.00 8,000,000 300 Beets Music Assets Total Lety and ty Tatal Capital Expenditures (CAP) Expected FCF Grow Rates Projected Balance Sheut in 2019 2019 1020 $5,000,000 95,000,000 500,000,000 650,000,000 95,000,000 90,000,000 505,000,000 690,000,000 35,000,000 25,000,000 300,000,000 300,000,000 335,000,000 355,000,000 GEO.COD.DOO GR0,000,00 $ 45,000,000 15.00% 10.00% 2.00% Accounts nival Inventory Long Term Acc Accounts payabl Net Debt Book Equity 2020 to 2021 2021 2022 2022 on These Firms Sell Personal Music Gear Symphony (US ST Bose (USS) Beets Masic Discounted Cash Flow Valuation For Stock Priceshire Shes outstanding Market Capitalization $ S 400 200 1,000,000 700,000 400,000/100 140,000,000 Year 2 Year 3 3021 2022 Your 1 2020 bea 1.25 1.40 Year 4 2013 Net Di 35,000,000 20,000,000 Salca 150,000,000 50,000,000 EBITDA 25,000,000 15,000,000 Number Ses 90 45 1) What are the free cash flows to use in your valuations? Assume 2020 is year 1 and you are currently in 2019. Assumptions and data are highlighted in light blue in the spreadsheet. Year 2020 should be the first year where you estimate the free cash flows. Projected Income Statement in 2019 5 $ 5 $ 5 5 $ 5 Assump Sales Custs of Goods Sald Sales, Gen & Ank march and E DBA (Depreciation and Amo earr Interest Expense Pretax income Tom (10%) Net Income A Beets Music Equity Beta 30-Yearrak fre Marie Risk Premium YTM on Deb Cument Stock Price Shares Outstanding Number Tax Rate WACC Caculations 5 2020 390,000,000 220.000.000 20,000,000 50,000,000 40,000,000 60,000,000 5,000,000 55,000,000 15,500,000 38.500.000 1.45 1.00% 70.00 8,000,000 300 Beets Music Assets Total Lety and ty Tatal Capital Expenditures (CAP) Expected FCF Grow Rates Projected Balance Sheut in 2019 2019 1020 $5,000,000 95,000,000 500,000,000 650,000,000 95,000,000 90,000,000 505,000,000 690,000,000 35,000,000 25,000,000 300,000,000 300,000,000 335,000,000 355,000,000 GEO.COD.DOO GR0,000,00 $ 45,000,000 15.00% 10.00% 2.00% Accounts nival Inventory Long Term Acc Accounts payabl Net Debt Book Equity 2020 to 2021 2021 2022 2022 on These Firms Sell Personal Music Gear Symphony (US ST Bose (USS) Beets Masic Discounted Cash Flow Valuation For Stock Priceshire Shes outstanding Market Capitalization $ S 400 200 1,000,000 700,000 400,000/100 140,000,000 Year 2 Year 3 3021 2022 Your 1 2020 bea 1.25 1.40 Year 4 2013 Net Di 35,000,000 20,000,000 Salca 150,000,000 50,000,000 EBITDA 25,000,000 15,000,000 Number Ses 90 45 1) What are the free cash flows to use in your valuations? Assume 2020 is year 1 and you are currently in 2019. Assumptions and data are highlighted in light blue in the spreadsheet. Year 2020 should be the first year where you estimate the free cash flows