Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company. Assume that cost of common equity is 12% and steady-state growth in year 20X6 and beyond will be 4%. Using the above information, calculate free cash flow available to the common equity holders, and current value per share.

1. Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company: (dollar amounts in thousands) Net Cash Flow from Operations Interest Expense after tax Decrease (Increase) in Cash Required for Operations Net Cash Flow from Investing Net Cash from Debt Financing 20X120x2 20x3 20x420x5 20X6 564 628 541099 1345 1655 122 134 148 145 155 148 -75 -54 48 32 -6148 -287 210 -300 204 -310 140 -285 85 294 40 277 46 Common Shares Outstanding (in '000) 1,5121,5121,5121,512 1,5121,512 Assume that cost of common equity is 125 and steady-state growth in year 20X6 and beyond will be 4%. Using the above information, calculate free cash flow available to the common equity holders, and current value per share. (25 points) 1. Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company: (dollar amounts in thousands) Net Cash Flow from Operations Interest Expense after tax Decrease (Increase) in Cash Required for Operations Net Cash Flow from Investing Net Cash from Debt Financing 20X120x2 20x3 20x420x5 20X6 564 628 541099 1345 1655 122 134 148 145 155 148 -75 -54 48 32 -6148 -287 210 -300 204 -310 140 -285 85 294 40 277 46 Common Shares Outstanding (in '000) 1,5121,5121,5121,512 1,5121,512 Assume that cost of common equity is 125 and steady-state growth in year 20X6 and beyond will be 4%. Using the above information, calculate free cash flow available to the common equity holders, and current value per share. (25 points)