Shady Sunglasses Operates Retail Sunglass Kiosks in Shopping Malls Using the Above Information and Assuming That Steady-State Growth in Is

Essay

Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company:
$\begin{array}{c}\begin{array}{l}\text {(dolar aHiounts in thousands)}\\ \text {Net Cash Flow from Operations}\\ \text {Interest Expense after tax}\\ \text {Decrease (Increase) in Cash Required for Operations}\\ \text { Net Cash Flow from Investing}\\ \text {Net Cash from Debt Financing}\\\\ \text {Present Value Factors \( \left(\mathrm{R}_{\mathrm{c}}=8.5 \%\right) \)}\\ \text {Common SharesOutstanding}\\ \text {in thousands} \end{array}\begin{array}{l}\underline{2012}\\564\\122 \\-75 \\-287 \\210 \\\\0.922 \\1,512\\\\ \end{array}\begin{array}{l}\underline{2013}\\628 \\134 \\-54 \\-300 \\204 \\\\0.849\\\\ \\\end{array}\begin{array}{l}\underline{2014}\\854 \\148 \\-48 \\-310 \\140 \\\\0.783\\\\\\ \end{array}\begin{array}{l}\underline{2015}\\1059 \\145 \\-32 \\-285 \\85 \\\\0.722\\\\ \\\end{array}\begin{array}{l}\underline{2016}\\1345 \\155 \\-61 \\-294 \\-40 \\\\0.665\\\\\\\end{array}\begin{array}{l}\underline{2017}\\1655\\148 \\-48 \\-277 \\-46\\\\\\\\\\ \end{array}\end{array}$
Using the above information and assuming that steady-state growth in year 2017 and beyond will be 4% calculate Shady Sunglasses value per share.