27. Valuing a business (S4.6) Construct a new version of Table 4.8, assuming that competition drives down

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27. Valuing a business (S4.6) Construct a new version of Table 4.8, assuming that competition drives down profitability (on existing assets as well as new investment) to 11.5% in year 6, 11% in year 7, 10.5% in year 8, and 8% in year 9 and all later years. What is Concatenator’s PV?

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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