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

Essay

Shady Sunglasses operates retail sunglass kiosks in shopping malls.Below is information related to the company:
$\begin{array} { l r r r r r r r r r } \text { (dollar amounts in thousands) } & \underline { \mathbf { 2 0 1 2 } } & \underline { \mathbf { 2 0 1 3 } } & \underline { \mathbf { 2 0 1 4 } } & \underline { \mathbf { 2 0 1 5 } } & \underline { \mathbf { 2 0 1 6 } } & \underline { \mathbf { 2 0 1 7 } } \\\text { Net Cash Flow from Operations } & 564 & 628 & 854 & 1059 & 1345 & 1655 \\\text { Interest Expense after tax } & 122 & 134 & 148 & 145 & 155 & 148 \\\text { Decrease (Increase) in Cash } & - 75 & - 54 & - 48 & - 32 & - 61 & - 48 \\\text { Required for Operations } & & & & & & \\\text { Net Cash Flow from Investing } & - 287 & - 300 & - 310 & - 285 & - 294 & - 277 \\\text { Net Cash from Debt Financing } & 210 & 204 & 140 & 85 & - 40 & - 46 \\\text { Present Value Factors } \left( \mathrm { R } _ { \mathrm { e } } = 8.5 \% \right) & 0.922 & 0.849 & 0.783 & 0.722 & 0.665\\\text { Common Shares Outstanding in thousands}&1512\\\end{array}$
Using the above information and assuming that steady-state growth in year 2017 and beyond will be 4% calculate Shady Sunglasses value per share.