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Shady Sunglasses Operates Retail Sunglass Kiosks in Shopping Malls Using a Five-Year Forecast Horizon, Compute the Sum of the Is

Question 59

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Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company:
 (dolar anounts in thousands) 201220132014201520162017 Net Cash Flow from Operations 564628854105913451655 Interest Expense after Tax 122134148145155148 Decrease (Increase) in Cash Required for Operations 755448326148 Net Cash Flow from Investing 287300310285294277 Net Cash from Debt Financing 210204140854046 Present Value Factors (Rn=8.5%)0.9220.8490.7830.7220.665\begin{array}{lll}\text { (dolar anounts in thousands) } & \underline{2012} & \underline{2013}&\underline{2014}&\underline{2015}&\underline{2016}&\underline{2017} \\\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 Required for Operations } & -75 & -54&-48&-32&-61&-48 \\\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{n}}=8.5 \%\right) & 0.922 & 0.849&0.783&0.722&0.665\end{array} Using a five-year forecast horizon, compute the sum of the present value of free cash flows accruing to common equity holders for years 2012 to 2016.

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