Question: answer in EXCEL FORMULAS with EXACT CELLS please! Al A B D E F G You have looked at the current financial statements for Reigle

Al A B D E F G You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $2.95 million this year. Depreciation, the increase in net working capital, and capital spending were $235,000, $105,000, and $475,000, respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 percent per year, and NWC will grow at 10 percent per year. The company has $19.5 million in debt and 400,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 3.5 percent indefinitely. The company's WACC is 9.25 percent, and the tax rate is 22 percent. What is the price per share of the company's stock? $ 5 6 7 8 9 10 11 12 13 14 2,950,000 235,000 105,000 475,000 $ EBIT Depreciation Change in NWC Capital spending Increase per year EBIT Depreciation Change in NWC Capital spending Value of debt Shares outstanding Terminal growth rate WACC Tax rate $ 15 16 15% 20% 1096 20% 19,500,000 400,000 3.50% 9.25% 22% 12 18 19 20 Sheet1 ! READY 1 4 A B G H 20 21 22 23 24 25 Complete the following analysis. Do not hard code values in your calculations. Year 1 Year 2 Year 3 Year 4 Year 5 26 27 28 29 EBIT Depreciation Taxes Capital spending Change in NWC ACFA 30 31 32 Year 6 ACFA 33 34 Terminal value Company value Value of equity 35 36 37 38 39 40 41 42 43 Price per share Sheet1 HE READY
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