What was the free cash flow to equity created by General Dynamics in 2012?

Using the sustainable growth ratio, what do you forecast the growth (g) of General Dynamics to be?

Using that growth estimate, what will the cash flows be for General Dynamics in 2013, 2014, 2015?

Using CAPM, what is the cost of equity for General Dynamics?

Assume that after 2015, General Dynamics only expects to average 1% growth in the future. What is the horizon value of the firm in at the end of 2015?

What is the value of General Dynamics equity at the end of 2012?

Ser Artual Bond Price Year to Expatin Coupon Rate $937.50 5 0.00010 General Dynamics (in thousands) Payout Ratio 15% Beta Stock Price $62.66 EPS Font $3.67 1.22 2% 09 K. 31-Dec-12 31-Dec-11 31-Dec-12 3-Dec-11 31,981,000 29,300,000 26,352,000 23,928,000 5,629,000 5,372,000 Lance Sheet Assets Current Assets Cash And Cash Equalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets 2,263,000 1,621,000 733,000 490,000 8,127,000 3,469,000 2,125,000 6,370,000 0 0 13,249,000 11,950,000 Income Statement Total Revenue Cost of Revenue Gross Profit Operating Expenses Research Development Seling General and Administrative Operating Income or Loss Other Incorre Depreciation Earnings Before Interest And Taxes Interest Expense Income Before Tax Income Tax Expense Minority Interest Net Income From Continuing Ops Discontinues Operations Net Income Long Term Investments Property Flant and Equipment Goodwill Intenoble Assets Accumuated Amortization Other Assets Deferred Long Term Asset Charges Total Assets F 0 1.954,000 1.719,000 3,675,000 3,653,000 0 84,000 3,513,000 3,737,000 0 133,000 3,513,000 3,604,000 1,106,000 1,126,000 0 0 2,437,000 2,478,000 -13,000 -19,000 2,311,000 2,459,000 549,000 521,000 2,912,000 2,872,000 12,269,000 11,413,000 2,098,000 1,617,000 0 0 0 0 0 0 31,077,000 28,373,000 Labilities Current Labilities Accounts Payabe Short/Current Long Term Debt Other Gurrert Liabities Total Current Labities 6,678,000" 6,597,000 705,000 911,000 2,988,000 2,852,000 10,371,000 10,360,000 3,150,000 3,113,000 5,124,000 4,748,000 0 99,000 0 0 0 18,654,000 18,320,000 0 Long Term Debt Other Lieblities Deferred Long Term Labity Charges Minority interest Negative Goodwill Tetallables Stockhoders' Equity Misc Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retaned Earnings Treasury Stod Capital Surplus Other Stockholder Equity Total Stockholder Ecuity 0 0 0 0 0 0 480,000 482,000 15,093,000' 13,287,000 3,163,000 3,340,000 1,518,000 1,346,000 1,207,000 1,713.000 12,423,000 10,053,000 Ser Artual Bond Price Year to Expatin Coupon Rate $937.50 5 0.00010 General Dynamics (in thousands) Payout Ratio 15% Beta Stock Price $62.66 EPS Font $3.67 1.22 2% 09 K. 31-Dec-12 31-Dec-11 31-Dec-12 3-Dec-11 31,981,000 29,300,000 26,352,000 23,928,000 5,629,000 5,372,000 Lance Sheet Assets Current Assets Cash And Cash Equalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets 2,263,000 1,621,000 733,000 490,000 8,127,000 3,469,000 2,125,000 6,370,000 0 0 13,249,000 11,950,000 Income Statement Total Revenue Cost of Revenue Gross Profit Operating Expenses Research Development Seling General and Administrative Operating Income or Loss Other Incorre Depreciation Earnings Before Interest And Taxes Interest Expense Income Before Tax Income Tax Expense Minority Interest Net Income From Continuing Ops Discontinues Operations Net Income Long Term Investments Property Flant and Equipment Goodwill Intenoble Assets Accumuated Amortization Other Assets Deferred Long Term Asset Charges Total Assets F 0 1.954,000 1.719,000 3,675,000 3,653,000 0 84,000 3,513,000 3,737,000 0 133,000 3,513,000 3,604,000 1,106,000 1,126,000 0 0 2,437,000 2,478,000 -13,000 -19,000 2,311,000 2,459,000 549,000 521,000 2,912,000 2,872,000 12,269,000 11,413,000 2,098,000 1,617,000 0 0 0 0 0 0 31,077,000 28,373,000 Labilities Current Labilities Accounts Payabe Short/Current Long Term Debt Other Gurrert Liabities Total Current Labities 6,678,000" 6,597,000 705,000 911,000 2,988,000 2,852,000 10,371,000 10,360,000 3,150,000 3,113,000 5,124,000 4,748,000 0 99,000 0 0 0 18,654,000 18,320,000 0 Long Term Debt Other Lieblities Deferred Long Term Labity Charges Minority interest Negative Goodwill Tetallables Stockhoders' Equity Misc Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retaned Earnings Treasury Stod Capital Surplus Other Stockholder Equity Total Stockholder Ecuity 0 0 0 0 0 0 480,000 482,000 15,093,000' 13,287,000 3,163,000 3,340,000 1,518,000 1,346,000 1,207,000 1,713.000 12,423,000 10,053,000