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Unformatted text preview: Horizon Value 2011 = $741.152M c. What is the total value of operations as of 12/31/2010? Value of Operations = PV of Horizon Value @ WACC + PV of FCF @ WACC Value of Operations = -PV(11%,1,0,741.152) + NPV(11%,34.96) Value of Operations = $699.20M d. What is the total value of the company as of 12/31/2010? Total Value of the Company = Value of Operations + Value of Non-Operating Assets Total Value of the Company = 699.20 + 49.90 Total Value of the Company = $749.10M e. What is the intrinsic price per share for 12/31/2010? Intrinsic Price per Share = (Total Value of Co. – Value of Debt – Value of Pref. Stock)/# of Shares Intrinsic Price per Share = (749.10 – (69.9 + 140.8) – 35)/10 Intrinsic Price per Share = 503.40/10 Intrinsic Price per Share = $50.34...
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This note was uploaded on 10/13/2011 for the course MAFM FI516 taught by Professor Anthonycriniti during the Spring '10 term at Keller Graduate School of Management.
- Spring '10