Use the following information to solve the questions below:

Income Statement $($in millions$)$ of $2023$

Net Sales $ $800\mathrm{.}00$

Cost of Goods sold $ $100\mathrm{.}00$

Depreciation $ $300\mathrm{.}00$

EBIT $ $400\mathrm{.}00$

Interest Expense $ $100\mathrm{.}00$

EBT $ $300\mathrm{.}00$

Tax $ $75\mathrm{.}00$

Net Income $ $225\mathrm{.}00$

Balance sheet $($in millions$)$ of $2023$

LHS year year RHS year year

$2022202320222023$

Current Assets $600680$ Current liab. $300300$

Fixed Asset $700500$ Fixed Debt $450280$

Total equity $550600$

Total Asset $13001180$ Total liab.$+$equity $13001180$

Additionally, note the following:

There are $10$ million shares outstanding

Free cash flow $($FCF$)$ will grow at $2\%$

Firm's equity beta is $2\mathrm{.}50$

Risk$-$free rate is $4\%$ and market return is $13\%$

Total debt market value is same as the book value of debtFind the Free Cash Flow $($FCF$),$ using equation FCF $=$ EBIT$*(1-$t$)+$ DEP $-$ NCS $-$ CHG IN NWC$.$

We find that FCF is

choose your answer...

million dollars.

QUESTION #$2.$ Find the asset beta, which is approximately $??$

QUESTION #$3.$ Find the discount rate $($k$),$ which is approximately $??$

QUESTION #$4.$ Stock value per share using FCF model is therefore approximately $??$

per share