The Newbridge Awning Co calculates the intrinsic value of its stock to assess opportunities to repurchase shares. The company has estimated its WACC to be 11.59%. It estimates the sum of the present value of its annual cash flows for the next 5 years to be $$50.5M. It uses an exit EV/EBITDA multiple of 7X to estimate is terminal value. Based on its most recent model, it estimates the present value of its terminal value to be $155B. The company has debt of $30M and 30M shares outstanding.

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1. What is Newbridge's enterprise value?

2. Regardless of your answer to question 1, assume that Newbridge's enterprise value is $335M (all other accounts remain unchanged). What will be the aggregate intrinsic value of Newbridge's equity?

3. Based on your answer to question 2, what is your estimate of Newbridge's intrinsic value per share?