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Question 6 120 marks) Show all your Work Your friend Suzy Lugshery would like you to help him to calculate the price per share of

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Question 6 120 marks) Show all your Work Your friend Suzy Lugshery would like you to help him to calculate the price per share of First Financial Corp (FFC) Next year the company is projected to have $1.9M in EBIT. Depreciation is expected to be $165,000, NWC is expected to Increase by $85,000 and capital spending $115,000. Over the next 4 years EBIT and all the above mentioned expenses are expected to increase by eighteen percent. The company has 800,000 of outstanding shares and S13 million in debt. In a conference call with analysts the CFO of FFC had stated that cashflow from assets are expected to grow at 3% indefinitely. The organizations tax rate is 35% and the company's WACCC is 8.5%. What would be the price of FFC shares

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