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Yellow Jackets, Inc. had $155 million in EBIT 2 years ago, and last year it was $175 million. It is currently $165 million. They expect

Yellow Jackets, Inc. had $155 million in EBIT 2 years ago, and last year it was $175 million. It is currently $165 million. They expect EBIT will grow at 12% for 2 years and then settle down to 3% forever.

They spend 3% on change in NWC and 12% on net capital expenditures. Tax rate is 28%; WACC is 8%. Their debt is $950 million.

Yellow Jackets has 55 million in shares outstanding.

Find enterprise value and per share price.

In the box below, simply type your final PER SHARE price. All other work should be in the Excel File!

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