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Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company: 2012 2013 2014 2015 2016 2017 564 628 854

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Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company: 2012 2013 2014 2015 2016 2017 564 628 854 1059 1345 1655 122 134 148 145 155 148 (dollar amounts in thousands) Net Cash Flow from Operations Interest Expense after Tax Decrease (Increase) in CashRequired for Operations Net Cash Flow from Investing Net Cash from Debt Financing -75 -54 -48 -32 -61 -48 -287 -300 -310 -285 -294 -277 210 204 140 85 -40 -46 Present Value Factors (Re = 8.5%) 0.922 0.849 0.783 0.722 0.665 Using a five-year forecast horizon, compute the sum of the present value of free cash flows accruing to common equity holders for years 2012 to 2016. Round your answers to two decimal places. PV of FCF for Common Equity Holders 2012 267.38 2013 292.06 2014 382.10 2015 492.40 2016 528.68

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