9.26 Assume that the analyst who developed Exhibit 9.1 simply forgot about inflation. Redo Exhibit 9.1 assuming

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9.26 Assume that the analyst who developed Exhibit 9.1 simply forgot about inflation. Redo Exhibit 9.1 assuming 2 percent inflation per year, and 2 percent growth due to inflation in EBITDA, in column (c).

Show how columns (a)–(g) change and explain why column

(b) does not change.

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Financial Markets And Corporate Strategy

ISBN: 9780071157612

2nd Edition

Authors: Mark Grinblatt, Sheridan Titman

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