YEAR ZERO INCOME INFORMATION:

Sales: 30,000

COGS: 20,000

Operating Cash Flow: 10,000

Interest Expense: 4,000

EBT: 6,000

Tax: 2,000

N.I.: 4,000

Risk Free Rate: 3%

Beta: 1.5

Equity Risk Premium: 8%

N.I. growth year 1: 10%

N.I. growth year 2: 5%

N.I. growth year 3 and long-term: 3%

Conduct an Equity-based Intrinsic Valuation on this firm's cash flows. What is best ESTIMATE of the intrinsic value per share if the firm has 150 shares of stock issued and outstanding?

Group of answer choices

a. $30.40

b. $469.50

c. $248.70