Repeat exercise 7, but this time replace the terminal value by an EBITDA ratio times year-5 anticipated

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Repeat exercise 7, but this time replace the terminal value by an EBITDA ratio times year-5 anticipated EBITDA. Show a graph of the equity value of the firm as a function of the assumed year-5 EBITDA ratio, varying this ratio from 6–14.

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Related Book For  book-img-for-question

Financial Modeling

ISBN: 9780262026284

3rd Edition

Authors: Simon Benninga

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