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Use the information and determine the value of equity and the price per share 1 2 3 4 5 Cash 80 90 95 100 105
Use the information and determine the value of equity and the price per share
1 | 2 | 3 | 4 | 5 | ||||
Cash | 80 | 90 | 95 | 100 | 105 | |||
Marketable sec | 10 | 20 | 30 | 40 | 50 | |||
Accounts receivable | 200 | 230 | 260 | 290 | 325 | |||
Inventories | 300 | 400 | 500 | 600 | 700 | |||
Other current operating assets | 50 | 60 | 70 | 80 | 90 | |||
Net fixed assets | 1000 | 1100 | 1200 | 1300 | 1 400 | |||
Other non-current operating assets | 40 | 50 | 60 | 70 | 90 | |||
total assets | 1680 | 1950 | 2215 | 2480 | 2760 | |||
Accts. payable, accruals and other operating current liabilities | 300 | 320 | 330 | 340 | 350 | |||
short term debt | 50 | 50 | 50 | 50 | 50 | |||
Other operating non-current liabilities | 30 | 45 | 50 | 55 | 60 | |||
long term debt | 100 | 100 | 100 | 100 | 100 | |||
total liabilities | 480 | 515 | 530 | 545 | 560 | |||
common stock (100 sh outstanding) | 700 | 885 | 1085 | 1285 | 1450 | |||
preferred stock | 0 | 0 | 0 | 0 | 0 | |||
retained earnings | 500 | 550 | 600 | 650 | 750 | |||
total equity | 1200 | 1435 | 1685 | 1935 | 2200 | |||
total lia and equity | 1680 | 1950 | 2215 | 2480 | 2760 |
additional information: | ||||||||
cost of capital | 9% | |||||||
long term growth% | 1% | |||||||
tax rate = | 40% | |||||||
shares outstanding | 500 | |||||||
for the next five years | ||||||||
NOPAT | 500 | 600 | 700 | 800 | 700,0 |
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