Question: Questions 1 6 to 2 0 are based on the following information A firm you are analyzing expects to have FCF of 3 , 0

Questions 16 to 20 are based on the following information
A firm you are analyzing expects to have FCF of 3,000 next year. After that you expect that the non-depreciation FCF (i.e., the FCF minus the depreciation tax shield) will grow at a rate of 7% for 3 years. Growth will then stabilize to 3% per year, forever.
The depreciation tax shield is based on fixed assets already purchased, so it is known with certainty. Assume that the $2,000 depreciation is charged perpetually and that the amount of depreciation is unchanged from year to year.
Assume that all cash flows occur throughout the year.
Tax rate is 25%. Required return is 12% while risk-free rate is 4%. The firm has $10,000 in debts and 5,000 shares outstanding. Round all answers to the nearest integer.
Question 16(1 point)
What is the DTS in year 1?
Question 17(1 point)
What is NDCF in year 1?
Question 18(1 point)
What is PV(DTS)?
Question 19(1 point)
What is PV(NDCF)?
Question 20(1 point)
What is the share price?

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