Unformatted text preview: o FCF: Go from Sales to EBIT(1-T) EBIT(1-T) + Dep. – CAPEX – Inc. NWC = FCF o Calculate terminal value after year 10 o Finally, take PV of FCF to get Total Asset Value (discount at WACC) o Get Total Equity Value o Figure out accurate value per share...
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- Spring '08
- Corporate Finance, Generally Accepted Accounting Principles, Interco, Total Equity Value