You have projected the free cash flow of a company for the next three years. Calculate the enterprise value

of the company knowing that:

• The appropriate WACC is 12%
• The company has debt for $12,000 and cash for $1000
• The company has 3000 shares outstanding (fully diluted)
• The Net working capital of the company is 150$ at the end of year T and is projected to be 200 at the end of year T+1, 100 at the end of T+2 and 170 at the end of T+3
• The terminal value is based on a perpetuity growth rate of 2%
• Use the middle of the year convention