Please use Excel or TI BA II Plus

Explain Answer

New Millenium Company earned $2.7 million in net income last year. It took depreciation deductions of $303,000 and made new investments in working capital and fixed assets of $103,000 and $356,000, respectively. a. What was New Millenium's free cash flow last year? b. Suppose that the company's free cash flow is expected to grow at 4% per year forever. If investors require a return of 9% on Millenium stock, what is the present value of Millenium's future free cash flows? C. New Millenium has 3.7 million shares of common stock outstanding. What is the per-share value of the company's common stock? d. What is the company's P/E ratio based on last year's earnings (i.e., trailing earnings)? e. What is the company's P/E ratio based on next year's earnings (assuming that earnings grow at the same rate as free cash flow) a. Millenium's free cash flow last year was s. (Round to the nearest dollar.) Enter your answer in the answer box and then click Check