1. Write out the years 2021 to 2025 projected annual FCFs given multistage growth. The short-term growth rate in FCFs is 3% for the next 4 years and the long-run growth rate in FCFs is 1%.

2. Compute the intrinsic value using these 5 years of projected FCFs assuming the terminal value is a growth perpetuity. The WACC is 10% and the first cash flow in the terminal value is the year 5 future FCF.

3. What is the equity value per share assuming there is 9000 shares outstanding?

An answer to any of these would be greatly appreciated!!

IVodel Assumptions Short-term Interest Rate Long-term Interest Rate Tax Rate Divident Payout Ratio Short-term Growth Rate (4 years) Long-term Growth Rate WACC Income Statement Sales Cost of Goods Gross Profit S\&A Depreciation EBIT \begin{tabular}{|l|r|r|} \hline Interest & $5,450.00 & $3,667.01 \\ \hline EBT & $74,550.00 & $96,332.99 \\ \hline \end{tabular} \begin{tabular}{l} EBT \\ Taxes \\ \hline \end{tabular} Net Income Dividends Addition to Retained Earnings Balance Sheet Assets Cash and Cash Equivalents Acc Receivable Inventory Short Term Investments Current Assets Gross PPE Accumulated Depreciation Net PPE Total Assets Liabilities and Equity Accounts Payable Accruals Notes Payables Current Liabilities Long Term Debt Total Liabilities Retained Earnings Preferred Stock Common Stock Total Equity \begin{tabular}{|r|r|} \hline 5% & \\ \hline 40% & \\ \hline 30% & \\ \hline 3% & \\ \hline 10% & \\ \hline & \\ \hline 2019 & 2020 \\ \hline$150,000.00 & $175,000.00 \\ \hline$35,000.00 & $38,500.00 \\ \hline$115,000.00 & $136,500.00 \\ \hline$15,000.00 & $16,500.00 \\ \hline$20,000.00 & $20,000.00 \\ \hline$80,000.00 & $100,000.00 \\ \hline$5,450.00 & $3,667.01 \\ \hline$74,550.00 & $96,332.99 \\ \hline$29,820.00 & $38,533.20 \\ \hline$44,730.00 & $57,799.80 \\ \hline$13,419.00 & $17,339.94 \\ \hline$31,311.00 & $40,459.86 \\ \hline & \\ \hline \end{tabular} 2019 2020 $3,000.00$3,300.00 \begin{tabular}{|r|r|} $20,000.00 & $22,000.00 \\ \hline$10,000.00 & $11,000.00 \end{tabular} $0.00$6,500.00 \begin{tabular}{|r|r|} $33,000.00 & $42,800.00 \\ \hline$500,000.00 & $530,000.00 \\ \hline \end{tabular} \begin{tabular}{|r|r|} $500,000.00 & $530,000.00 \\ \hline$100,000.00 & $120,000.00 \\ \hline \end{tabular} \begin{tabular}{|r|r|} $400,000.00 & $410,000.00 \\ \hline$433,000.00 & $452,800.00 \end{tabular} \begin{tabular}{|l|l|r} \hline Total Liabilities and Equity & $433,000.00 & $452,800.00 \\ \hline \end{tabular} IVodel Assumptions Short-term Interest Rate Long-term Interest Rate Tax Rate Divident Payout Ratio Short-term Growth Rate (4 years) Long-term Growth Rate WACC Income Statement Sales Cost of Goods Gross Profit S\&A Depreciation EBIT \begin{tabular}{|l|r|r|} \hline Interest & $5,450.00 & $3,667.01 \\ \hline EBT & $74,550.00 & $96,332.99 \\ \hline \end{tabular} \begin{tabular}{l} EBT \\ Taxes \\ \hline \end{tabular} Net Income Dividends Addition to Retained Earnings Balance Sheet Assets Cash and Cash Equivalents Acc Receivable Inventory Short Term Investments Current Assets Gross PPE Accumulated Depreciation Net PPE Total Assets Liabilities and Equity Accounts Payable Accruals Notes Payables Current Liabilities Long Term Debt Total Liabilities Retained Earnings Preferred Stock Common Stock Total Equity \begin{tabular}{|r|r|} \hline 5% & \\ \hline 40% & \\ \hline 30% & \\ \hline 3% & \\ \hline 10% & \\ \hline & \\ \hline 2019 & 2020 \\ \hline$150,000.00 & $175,000.00 \\ \hline$35,000.00 & $38,500.00 \\ \hline$115,000.00 & $136,500.00 \\ \hline$15,000.00 & $16,500.00 \\ \hline$20,000.00 & $20,000.00 \\ \hline$80,000.00 & $100,000.00 \\ \hline$5,450.00 & $3,667.01 \\ \hline$74,550.00 & $96,332.99 \\ \hline$29,820.00 & $38,533.20 \\ \hline$44,730.00 & $57,799.80 \\ \hline$13,419.00 & $17,339.94 \\ \hline$31,311.00 & $40,459.86 \\ \hline & \\ \hline \end{tabular} 2019 2020 $3,000.00$3,300.00 \begin{tabular}{|r|r|} $20,000.00 & $22,000.00 \\ \hline$10,000.00 & $11,000.00 \end{tabular} $0.00$6,500.00 \begin{tabular}{|r|r|} $33,000.00 & $42,800.00 \\ \hline$500,000.00 & $530,000.00 \\ \hline \end{tabular} \begin{tabular}{|r|r|} $500,000.00 & $530,000.00 \\ \hline$100,000.00 & $120,000.00 \\ \hline \end{tabular} \begin{tabular}{|r|r|} $400,000.00 & $410,000.00 \\ \hline$433,000.00 & $452,800.00 \end{tabular} \begin{tabular}{|l|l|r} \hline Total Liabilities and Equity & $433,000.00 & $452,800.00 \\ \hline \end{tabular}