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Using the Data in the appendix, find the intrinsic value of a share of Hosaka Corp. Projected Sales for 2 0 2 3 : $

Using the Data in the appendix, find the intrinsic value of a share of Hosaka Corp. Projected Sales for 2023: $250,000 Gross Profit Margin: 75% Operating expenses (excluding Depreciation): 10% of sales Depreciation for 2023: $62,500 Interest Expense for all years: $30,000/year Tax: 25% Capital Expenditures for 2023: $75,000 Investment in Working Capital for 2023: $40,000 Sales are expected to grow at 20% per year for the next 4 years (after 2023) Capital Expenditures, Depreciation, and Investment in Working Capital are expected to grow at 15% per year for the next 4 years after 2023 Hosaka has an 8% cost of capital, $2 Million in Debt, and 1 Million shares outstanding Hosaka is projected to have an Enterprise Value/EBIT multiple of 16 on 12/31/2027

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