QUESTION 6 In your preliminary analysis of Venice Surf Co. you have estimated the present value of its future free cash flows to be $39,087. The company has nonoperating assets of $1,015 and nonoperating liabilities of $4,456, and there are 725 of common stock outstanding. Estimate the value of each share using the free cash flow information above. Present your answer to two decimal places (e.g., $20.00). QUESTION 7 For the most recent year KRJ Enterprises reported net operating profits after tax of $1,179 and it expects its NOPAT to increase 4% next year. The company also reported net operating assets of $8,000 and expects NOA to increase by 4% next year. What would be the forecasted amount of free cash flow for next year? QUESTION 8 In your preliminary analysis of Venice Surf Co. you have estimated the present value of its future free cash flows to be $20,000. The company has nonoperating assets of $2,044 and nonoperating liabilities of $8,175, and there are 385 of common stock outstanding. You have just completed a valuation seminar and learned that your valuation of free cash flows using only expected year-end cash flows may be flawed. Thus, your estimate of the present value of the future free cash flows must be adjusted to account for cash flows occurring evenly throughout each year rather than only at year-end. Estimate the value of each share of common stock using the free cash flow information above, adjusted to account for cash flows occurring evenly throughout each year, using a discount rate of 7%. Present your answer to two decimal places (e.g., $20.00)