1-Assume a discount factor of 10% for the Free Cash Flows and the Continuation Value, and 10% for the Interest Tax Shield. Assume that the EBITDA Multiple is 2. What is the Present Value (as of the end of December 2019) of the Free Cash Flows forecast of Firm X if the firm where not to do the expansion?"

2-What is the Present Value (as of the end of December 2019) of the Continuation Value forecast of Firm X if the firm where not to do the expansion?

3-What is the Present Value (as of the end of December 2019) of the Interest Tax Shield forecast of Firm X if the firm where not to do the expansion?

Firm X is considering performing a considerable investment in year 2020. The value of Firm X(as of the end of 2019) if the investment is done is estimated at $306,769,521. Table II.a 2019 2020 2021 2022 2023 2024 5,233,648 5,235,964 5,238,839 5,242,190 Firm Value: Not doing the Expansion Free Cash Flow of Firm EBITDA Interest Tax Shield 5,245,946 7,643,182 60,000 60,000 60,000 60,000 60,000