Develop a full pro forma statement to arrive at each answer. Include the full pro-forma statement as part of your work!

Guadalajara & Blings is a firm that makes Mexican food and princess tiaras. It is a competitor of the firm in the previous problem, so it will have the same cost of capital and the same long-term growth rate (in fact, your keen analysis should notice something fishy its balance sheet looks very similar to its competitor). For the sake of simplicity, we will also assume that it has the same cost of equity (although in reality, this will not be the case if it has a different debt ratio). This firm has 500,000 shares of stock outstanding. The accounting statement is in thousands of dollars on the following pages. Assuming that the projections are correct and that there are no asset sales other than those at book value, compute the stock price per share using:

a) the WACC/FCF method

b) the Flow-to-Equity method