In: Finance
| Valuing the firm | Year | 1 | 2 | 3 | 
| Free cash flow for the next 3 years | $2,527,674.14 | $2,584,518.99 | $2,648,952.93 | |
| Weighted average cost of capital, WACC | 16% | |||
| Long-term growth rate of FCFs, g (since year 4) | 4% | |||
| Debt | $3,000,000 | |||
| Number of shares | 1,000,000 | |||
| 
Initial cash and marketable securities  | 
$460,000 | |||
| Terminal value | ||||
| Enterprise value | ||||
| Total asset value | ||||
| Equity value | ||||
| Equity value per share | ||||
| If the stock is currently traded at $20.50 per share, how would you trade? | ||||