You are trying to value Apples stock as of the end of their fiscal year 2018.

Youve calculated their EBITDA from 2016 to 2018 as $61,429, $83,772, and $71,877.

Youve forecast their future EBITDA for the next five years as $81,312, $89,493, $98,496, $108,406, and $119,313.

Youve calculated their unlevered free cash flows from 2016 to 2018 as $44,932, $65,051, and $43,942.

Youve forecast their future unlevered FCFs for the next five years as $45,303, $58,936, $64,865, $71,391, and $78,574.

You believe that the FCF in the first year after your forecast horizon will be $82,503, and the FCFs will grow at a constant rate of 5% forever after that time.

Youve calculated the firms WACC (discount rate) as 15%.

The company currently has $100,000 in capital structure debt, $250,000 in total liabilities, $25,000 in cash, $100,000 in current assets, no minority interest, no employee stock options outstanding, and 3,000 shares outstanding.

What is Apples implied stock price per share, based on this information?

What is their implied price per share if you calculate the terminal value assuming an EBITDA multiple of 7?

What is the implied stock price if you value the firm today using an EV/EBITDA multiple of 8?