This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 2,120,000.00 3 Value of Operations=Present value of the expected free cash flows Year FCF(yr 5) = $50 mn growth rate = 6% WACC=12% Horizon value at year 5= CF(Yr6)/(WACC-G) 883.33 4 Value of the corporation = value of operations + value of non-operating assets +marketable securities Value of the corporation = 800.00 Value of Equity= Value of Corp - Long term debt-Note payable Value of Equity= 500.00...
View Full Document
- Spring '09