9.26 Assume that the analyst who developed Exhibit 9.1 simply forgot about inflation. Redo Exhibit 9.1 assuming
Question:
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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Related Book For
Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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