Question: Income Method (Value = Expected annual benefit stream/Required rate of return) by estimating your free cash flow and capitalization rate (Discount rate - Growth) (Use the following assumptions in your calculations)
i. The calculation will be for 100% of the business for a valuation date of 05/31/2018
ii. Assume the replacement salary and benefits for a manager to do the work of the owner would be $100,000
iii. Assume the tax rate is 21% iv. Assume there is average risk for the Company-Specific Risks