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You are valuing a company that had sales of £ 80000 in 2021 and the expected year-on-year growth rate of sa are 5% and 2%, respectively. For both years 2022 and 2023 you expect EBIT margin (as a percentage of sales tax rate is 20%. You have the additional assumptions: Values in £ Depreciations & Provisions Capex Changes Working Capital 2022 2400 3200 400 2023 2800 3400 -300

You are valuing a company that had sales of £ 80000 in 2021 and the expected year-on-year growth rate of sa are 5% and 2%, respectively. For both years 2022 and 2023 you expect EBIT margin (as a percentage of sales tax rate is 20%. You have the additional assumptions: Values in £ Depreciations & Provisions Capex Changes Working Capital 2022 2400 3200 400 2023 2800 3400 -300

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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You are valuing a company that had sales of £ 80000 in 2021 and the expected year-on-year growth rate of sales for years 2022 and 2023 are 5% and 2%, respectively. For both years 2022 and 2023 you expect EBIT margin (as a percentage of sales) to be 12%. The corporate tax rate is 20%. You have the additional assumptions: a. O b. OC. Values in £ £ 6864 and £ 8349, respectively £ 6864 and £ 7925, respectively £ 7197 and £8349, respectively Depreciations & Provisions The expected Free Cash Flow to the firm in years 2022 and 2023 are: Capex Changes Working Capital 2022 2400 3200 400 2023 2800 3400 -300 00
Transcribed Image Text:You are valuing a company that had sales of £ 80000 in 2021 and the expected year-on-year growth rate of sales for years 2022 and 2023 are 5% and 2%, respectively. For both years 2022 and 2023 you expect EBIT margin (as a percentage of sales) to be 12%. The corporate tax rate is 20%. You have the additional assumptions: a. O b. OC. Values in £ £ 6864 and £ 8349, respectively £ 6864 and £ 7925, respectively £ 7197 and £8349, respectively Depreciations & Provisions The expected Free Cash Flow to the firm in years 2022 and 2023 are: Capex Changes Working Capital 2022 2400 3200 400 2023 2800 3400 -300 00
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