$\backslash$table$[[,,$Balance sheet$],[,,$Assets,$\backslash$table$[[2018]],2019\_\_],[,,$Cash,$1000,1200],[,$Income staterr,$\backslash$table$[[$A$/$R$]],500,550],[$Sales$,11000,\backslash$table$[[$Inventory$],[$Prepaid expenses$]],800,910],[$COGS$,-3000,,200,250],[$Depreciation expense,$-120,$Current assets total,$2500,2910],[$Sales$,$ General, Admin expense,$-4200,$Fixed assets,$3040,3530],[$R&D Expense,,Accumulated depreciation,$180,300],[$Wages and salary expense,$-1800,\backslash$table$[[$Total Assets$],[$Liahilitioc$]],5360,6140],[$Accounts Payable,$1070,],[$Other operating expenses,$-180,$Interest Payable,$100,\backslash$table$[[1000],[200]]],[$Salary and Wages Payable,$390,280],[$EBIT$,1500,$Other current liabilities payable,$700,650],[$Interest expense,$-200,$Income tax payable,$80,100],[$FRT$,-200,$Total Current Liabilities,$2340,2830],[$EB$,1300,$Long Term Debt,$780-,810],[$Income tax expense,$-800,$common stock,$250,400],[$Net Income,$500,$Retained Earnings,$1990,2100]]$

$\begin{array}{cc}?& \text{C}\text{a}\text{s}\text{h}\text{F}\text{l}\text{o}\text{w}\text{:}\\ NI& 500\\ \text{D}\text{E}\text{P}& 120\\ \frac{A}{R}& -50\\ \text{I}\text{n}\text{v}\text{e}\text{n}\text{t}\text{o}\text{r}\text{y}& -110\\ \text{P}\text{r}\text{e}\text{p}\text{a}\text{i}\text{d}\text{e}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}\text{s}& -50\\ \text{A}\text{c}\text{c}\text{o}\text{u}\text{n}\text{t}\text{s}\text{P}\text{a}\text{y}\text{a}\text{b}\text{l}\text{e}& 530\\ \text{I}\text{n}\text{t}\text{e}\text{r}\text{e}\text{s}\text{t}\text{P}\text{a}\text{y}\text{a}\text{b}\text{l}\text{e}& 100\\ \text{S}\text{a}\text{l}\text{a}\text{r}\text{y}\text{a}\text{n}\text{d}\text{W}\text{a}\text{g}\text{e}\text{s}\text{P}\text{a}\text{y}\text{a}\text{b}\text{l}\text{e}& -110\\ \text{O}\text{t}\text{h}\text{e}\text{r}\text{c}\text{u}\text{r}\text{r}\text{e}\text{n}\text{t}\text{l}\text{i}\text{a}\text{b}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}pa& -50\\ \text{I}\text{n}\text{c}\text{o}\text{m}\text{e}\text{t}\text{a}\text{x}\text{p}\text{a}\text{y}\text{a}\text{b}\text{l}\text{e}& 20\\ \text{O}\text{C}\text{F}& 900\end{array}$

Further information $-$ Cost of debt $=10\%$; Beta $=,$ Equity Risk Premium $=8\%$; Riskfree rate $=3\%$; shares outstanding: $10,C.$

Calculate:

a$.$ FCFF

b$.$ FCFE

c$.$ TEV

d$.$ Fair market cap

e$.$ Fair stock price