Question 2 3 pts You have been asked to value Jim's Shoes, a retail store in...

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Question 2 3 pts You have been asked to value Jim's Shoes, a retail store in Wilmington. Jim's Shoes has been in business for 15 years, its financial position is very stable, growing about 3% per year - it is expected to grow at the same rate in the future. The most current income statement is shown below. You have done an analysis, and have calculated the appropriate discount rate at 25%. Jim works in the business fulltime, and has never taken a salary. Instead he simply lives on the profit. You have done some research, and have found that a shoe store manager makes about $60,000 per year. What is the fair market equity value of Jim's Shoes. Pick the closest (rounded) answer. Jim's Shoes Revenues $300,000 Expenses $200,000 Profit $100,000 $257,500 $187,273 $206,000 $234,091 Question 2 3 pts You have been asked to value Jim's Shoes, a retail store in Wilmington. Jim's Shoes has been in business for 15 years, its financial position is very stable, growing about 3% per year - it is expected to grow at the same rate in the future. The most current income statement is shown below. You have done an analysis, and have calculated the appropriate discount rate at 25%. Jim works in the business fulltime, and has never taken a salary. Instead he simply lives on the profit. You have done some research, and have found that a shoe store manager makes about $60,000 per year. What is the fair market equity value of Jim's Shoes. Pick the closest (rounded) answer. Jim's Shoes Revenues $300,000 Expenses $200,000 Profit $100,000 $257,500 $187,273 $206,000 $234,091