Ch 12 and 13

Ch 12 and 13 - 100(1-0.4)= $60 Net...

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1 0.2 increase 5000000 6000000 3000000 2010 assets 500000 notes payable 250000 accruals 0.05 tax profit margin 0.7 payout (3000000/5000000(.20))-(500000/5000000(.20))-(.05(6000000)(1-.70)) 0.12 0.02 0.01 0.3 300000 90000 -89999.9 AFN= 410,000.00 4 sales 2000000 ta 1500000 L 300000 PM 0.05 3,500,000=(1,500,000/2,000,000) Si= ______ (300,000/2,000,000)-.05-(Si)*(.40) 1-.60= 0.4 6(Si-2,000,000)-.02Si=0 Si= 2,068,965.52 - 2,000,000 68,965.52
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1 NOPAT=EBIT(1-T)
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Unformatted text preview: 100(1-0.4)= $60 Net operating=(27+80+106)-(52+28) Net Operating= $133 Operating Capital=133+265=398 Net Operating=(28+84+112)-(56+28) Net Operating=$140 Operating Capital=140+281=$421 FCF=(100*(0.6))-(421-398) FCF=$37 2 Vop=(4000000*(1.05))/(.12-.05) 400000 FCF 0.05 growth 0.12 WACC 6,000,000.00 Vop 3 g=(750-707.55)/707.50 2013 750 0.06 2012 707.55 c of c 0.11 Vop=(707.55*(1+.06))/(.11-.06) Vop= 14998.73...
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Ch 12 and 13 - 100(1-0.4)= $60 Net...

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