. You are comfortable with the pro forma information below. Assume that we are at the beginning of FY 2020, and we want to use the mid-year convention. Amounts in thousands Revere COGS Gross Profits 2019 76,045 (28.821) - 47,224 2020 106,649 (40.526 66,123 2021 2022 139.111 1 69,304 - (53.558) - (66.028) 85,553 103,276 2023 185,691 (72.790 112,901 2024 1 96,799 (77.342) 119,457 SG&A EBIT (38.022)_ 9,202 (50.125 15,998 (62.600) 22.953 (14.493) 28,783 (79.847) 33,054 (82.655) 36,802 Interest expense EBT (1.048) 8,154 (971) 15,027 971) 21.982 (1,053) 27,730 (1,045) 32,009 (1,044 35,758 Provision for taxes Net Income (1,506) 6,648 (3.080) 11.947 (4506) 17,476 (5,684) (5,684) 22,046 (6,561) 25,448 (7,330) 28,428 15.997 20,866 22,856 24139 25,387 Relevant Balance Sheet items Required cash Excess cash Accounts receivable Inventory Totd current assets 10,646 3,691 6,458 5.369 20,164 8,765 7.661 11,052 10271 42,189 12,987 12.843 48,050 - 14,244 14.159 52,542 15,096 15.256 32,423 55.739 3.920 Accounts payable Notes payable Totd current liabilities 1,342 272 1,014 1,943 266 2,209 2.641 358 2.900 3,346 172 3.518 3.689 164 3.853 40 3.960 Net PP&E Long term debt 27,652 15,725 38.088 15,725 48.811 17.000 58,380 17,000 62.946 17,000 66,711 17,000 Depreciation 1,256 2,239 3,0473,856 4,553 4.909 Other relevant infomation WACC Terminal growth rate Corporate tax rate Number of shares outstanding (thousands) Terminal EBITDA mltiple (for terminal multiple method) 10.85% 3.60% 20.5% 4.299 9.23x t 't 't 't 't a) What is the enterprise value of the firm (using the terminal growth method)? b) What is the enterprise value of the firm (using the terminal multiple method)? c) What is the share price estimate (using the terminal growth method)? d) What is the share price estimate (using the terminal multiple method)? e) What is the implied terminal EBITDA multiple when looking at the terminal growth method? f) What is the implied terminal growth rate when looking at the terminal multiple method? g) What is the implied current EBITDA multiple (using the terminal growth method)? h) What is the implied current EBITDA multiple (using the terminal multiple method)? 't 't 't 't . You are comfortable with the pro forma information below. Assume that we are at the beginning of FY 2020, and we want to use the mid-year convention. Amounts in thousands Revere COGS Gross Profits 2019 76,045 (28.821) - 47,224 2020 106,649 (40.526 66,123 2021 2022 139.111 1 69,304 - (53.558) - (66.028) 85,553 103,276 2023 185,691 (72.790 112,901 2024 1 96,799 (77.342) 119,457 SG&A EBIT (38.022)_ 9,202 (50.125 15,998 (62.600) 22.953 (14.493) 28,783 (79.847) 33,054 (82.655) 36,802 Interest expense EBT (1.048) 8,154 (971) 15,027 971) 21.982 (1,053) 27,730 (1,045) 32,009 (1,044 35,758 Provision for taxes Net Income (1,506) 6,648 (3.080) 11.947 (4506) 17,476 (5,684) (5,684) 22,046 (6,561) 25,448 (7,330) 28,428 15.997 20,866 22,856 24139 25,387 Relevant Balance Sheet items Required cash Excess cash Accounts receivable Inventory Totd current assets 10,646 3,691 6,458 5.369 20,164 8,765 7.661 11,052 10271 42,189 12,987 12.843 48,050 - 14,244 14.159 52,542 15,096 15.256 32,423 55.739 3.920 Accounts payable Notes payable Totd current liabilities 1,342 272 1,014 1,943 266 2,209 2.641 358 2.900 3,346 172 3.518 3.689 164 3.853 40 3.960 Net PP&E Long term debt 27,652 15,725 38.088 15,725 48.811 17.000 58,380 17,000 62.946 17,000 66,711 17,000 Depreciation 1,256 2,239 3,0473,856 4,553 4.909 Other relevant infomation WACC Terminal growth rate Corporate tax rate Number of shares outstanding (thousands) Terminal EBITDA mltiple (for terminal multiple method) 10.85% 3.60% 20.5% 4.299 9.23x t 't 't 't 't a) What is the enterprise value of the firm (using the terminal growth method)? b) What is the enterprise value of the firm (using the terminal multiple method)? c) What is the share price estimate (using the terminal growth method)? d) What is the share price estimate (using the terminal multiple method)? e) What is the implied terminal EBITDA multiple when looking at the terminal growth method? f) What is the implied terminal growth rate when looking at the terminal multiple method? g) What is the implied current EBITDA multiple (using the terminal growth method)? h) What is the implied current EBITDA multiple (using the terminal multiple method)? 't 't 't 't