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### Keller FI515 Week 6 assiment

Course: F FI515, Spring 2012
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3million/5m) 12-1 =( 1m - (0.5m/5m)1m - 0.05*6m(1-0.7)=410,000 13-2 Vop = [FCF (1 + g)]/ (WACC g) = [400,000 (1+5%)]/ (12%-5%) = 420,000/7% = 6,000,000 13-3 g= (750-707.55)/707.55 = 0.06 MVA= 707.55* 1.06/ (0.11-0.06) 13-4 Vop =200,000,000+ [200,000,000/ (0.1-0.05)] (0.09-0.1) =160,000,000 MVA=160,000,000-200,000,000= -40,000,000 13-10 a. NOPA2011=\$108.6*(1-0.4)=65.16 NOWC2011= =134.9...

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3million/5m) 12-1 =( 1m - (0.5m/5m)1m - 0.05*6m(1-0.7)=410,000 13-2 Vop = [FCF (1 + g)]/ (WACC g) = [400,000 (1+5%)]/ (12%-5%) = 420,000/7% = 6,000,000 13-3 g= (750-707.55)/707.55 = 0.06 MVA= 707.55* 1.06/ (0.11-0.06) 13-4 Vop =200,000,000+ [200,000,000/ (0.1-0.05)] (0.09-0.1) =160,000,000 MVA=160,000,000-200,000,000= -40,000,000 13-10 a. NOPA2011=\$108.6*(1-0.4)=65.16 NOWC2011= =134.9 (5.6+56.2+112.4)-(11.2+28.1) million Capital2011=134.9+397.5=532.4million FCF2011=NOPAT-Investment=65.16-(532.4-502.2) =34.96million b. HV= [34.96(1.06)]/(0.11-0.06)=741.152million c. Vop = [34.96+741.152]/(1+0.11)= 699.22million d. Total corporation value = 699.2+49.9= 749.1million e. Value of equity = 749.1-(69.9+140.8)-35.0=503.4million
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