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The forecast for Arctic Sled's free cash flows for next year is provided in the table. Assume that free cash flow is paid at the

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The forecast for Arctic Sled's free cash flows for next year is provided in the table. Assume that free cash flow is paid at the end of each year and we are at the beginning of a year. Last year's values are for the year end yesterday. Analysts expect Arctic Sled's cash flow to remain constant at next year's level in perpetuity. The WACC for Arctic Sled is 9%. What is the fair price for Arctic Sled's shares today? Selected Financial Information Arctic Sled Company ($000s) Last Year Next Year Sales 1,906,012 2,001,313 Depreciation 28,632 29,828 EBIT 212,339 223,192 Tax Rate, T 30.99% 30.99% Net Working Capital -26,986 -28,335 222,336 231,623 Net Property and Equipment Long-Term Debt 18,000 18,000 Shares Outstanding 30,000 30,000 Round your answer to the nearest cent

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