Problem Counts 7 Points Authentic Products is a maker of authentic metal toys sold in elite Toy Stores and by catalog in the US and Western Europe. Authentic Products was started in January 2017 and an Equity Capital firm has expressed an interest acquiring the company. Authentic's CFO has developed a set of financial projections which are summarized in the table below (all amounts are in $000). 2022 2023 2024 2025 2026 2027 EBIT S$500 $400 $400 $1,700 $2.800 $4.200 Capital Expenditures 3400 $600 $1000 $1000 $800 $800 Changes in Working $400 $400 $200 $100 $100 ($100) Capital Depreciation $80 $160 $205 $210 $220 $230 Beginning after year 2027 the annual growth in EBIT is expected to be 2.20%, a rate that is projected to be constant over Authentic's remaining life as an enterprise. Beginning after 2027 Authentic's capital expenditures and depreciation are expected to oftset each other (capex - depreciation = 0) and year to year changes in working capital are expected to be zero (working capital levels remain constant year over year). For discounting purposes consider 2022 as year 1. Assume a tax rate of 21% and a cost of capital of 7.25% Determine the company valuation of Authenic Products using the nethod and thnformation provided above. The answer to this question was determined in Excel. Your answer may deviate slightly (if you are using a calculator) depending upon differences in truncation and rounding. Answers below are in $000