60 151 intrinsic value capm risk free rate 10 year

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Unformatted text preview: ic Value CAPM Risk Free Rate (10-year treasury bond 2008-2013) 3% Beta 0.97 Expected market return 10.5% Cost of equity 10.28% WACC Cost of debt (Senior Note 2020) 3.389% Long-term debt 5.4% Market Value of Equity as of 2/21/13 94.60% Effective tax rate 18.50% WACC 9.87% Intrinsic Value (Cont.) (Millions) Revenue 2011 2012 2013 2014 2015 2016 11,651.65 14,072 16,300 19,234 22,119 24,995 % growth Cost of Revenue % Revenue Margin Gross Profit Operating Expense including depreciation % Revenue Margin EBIT NOPAT Property and equipment, net 20.77% 15.83% 18% 15% 13% 3,460.18 4,216 4,862.05 5,749.89 6,605.09 7,467.86 29.70% 29.96% 29.8...
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This document was uploaded on 04/02/2014.

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