Question: Part la & b: Valuation This problem is self-contained. Below are the 2021 and forecasted 2022 balance sheets and income statements for NMG, along with

Part la & b: Valuation This problem is self-contained. Below are the 2021 and forecasted 2022 balance sheets and income statements for NMG, along with other assumptions. Assume there will be no sales of Property & Equipment and that depreciation expense is included in General & Admin. Expense on the income statement (i.e., you need to factor it in, but it is not split out separately on the income statement). Assume that all assets and liabilities on the 2021 balance sheet are carried at approximate fair value except as noted below, and there is no "excess cash" on the balance sheet (if you don't know what that means, ignore it). The NMG Brands were internally-developed and the lawsuit noted below has not been recognized on the balance sheet as a liability. Compute the value of one share of NMG stock as of December 31, 2021, using the three approaches we applied in class: Dividend Discount, Discounted Free Cash Flows and Balance Sheet
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