kindly solve this as soon as possible Answer ALL parts of the section...

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kindly solve this as soon as possible

Answer ALL parts of the section using Excel, Word or image file/s. At the end of 2019, the Balance Sheet and Income Statement of Example Inc. were as follows: Balance Sheet Income Statement Assets Sales 500 Cash (operating) 200 Cost of Sales 200 Accounts Receivable 200 . Depreciation 100 Inventory 100 EBIT 200 Plant & Equipment 1,000 Interest 20 Total Assets 1.500 180 Earnings Before Tax Liabilities Tax (50%) 90 Accounts Payable 30 Net Profit 90 Long term debt 40 Liabilities Tax (50%) 90 Accounts Payable 30 Net Profit 90 Long term debt 40 Equity Common shares 200 Retained Earnings 1,230 Total Liabilities & Equity 1,500 Sales and EBIT are supposed to grow at the rate of 15% until 2023 (next 4 years). After that the growth rate will drop to zero. In 2019, capital expenditure was 150. From 2020 capital expenditure will be 30% of Sales. Depreciation will remain stable at 100 Net Working Capital will remain constant throughout the years (hence, you can ignore the change in NWC as that would be zero). The tax rate stays constant at 50%. The equity beta of Example Inc. is 1.5, the long-term risk-free rate is 4%, and the market risk premium is 6%. Using this information, answer the following questions: B1. Calculate Example Inc's EBIT and Free Cash Flow to the Firm (FCFF) in 2020 (5 marks) B2. Calculate Example Inc'st-ree Cash Flow to the Firm (FCFF) until 2023 (10 marks) B3. Find the equity cost of capital of Example Inc. (5 marks) - 10 oyuity VOLG VI LAGIPIT. I TU HOLY LOHAN HUYOL, HUMIHINGTON !!! Using this information, answer the following questions: B1. Calculate Example Inc's EBIT and Free Cash Flow to the Firm (FCFF) in 2020 (5 marks) B2. Calculate Example Inc's Free Cash Flow to the Firm (FCFF) until 2023 (10 marks) B3. Find the equity cost of capital of Example Inc. (5 marks) B4. Find Example Inc's enterprise value, i.e. the present value of all future free cash flows (FCFS), at the beginning of 2020 (1.e., one year before the first FCF arrives at the end of 2020). Assume that the appropriate discount rate to use to discount the future FCFF of the company is 9.85%. (10 marks) Please note you need to consider the discrete period (2020-2023) plus the perpetuity. B5. Assume that Example Inc. has 100 million shares outstanding. Find the price per share of Example Inc. (10 marks) You should upload an Excel, Word, or Image file/s as your answer. You are limited to 1 file for your answer. Once you complete your answers save the file you upload with your CID, question numbers and date, but NOT your name. It is your responsibility to check that you have uploaded the correct files per question and exam

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