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Unformatted text preview: 0 + g. = $36.08 million non-constant growth stock: P 0 = V S = V ops debt = 36.08 10.82 = $25.26 million Price = 25.26 million / 1 million shares = $25.26 / share. FCF can be calculated as follows: FCF = NOPAT Required investment in operating assets, where NOPAT = EBIT(1 T), Investment = Net Operating W.C. + Net F.A. = [ Op. C.A. - (A/P and Accruals)] + Net F. A. r = r* + IP + DRP + LP + MRP...
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This note was uploaded on 05/10/2008 for the course FIN 374C taught by Professor Goldreyer during the Spring '08 term at University of Texas at Austin.
- Spring '08