2. The Greece Company You are asked to help the Greece company . The company is listed on the Athens Stock Exchange. You found the following information for the most recent year Income Statement Euro Balance Sheet Euro Fixed Revenues 500 Assets 500 Debt 200 EBITDA 150 Non- cash WC 125 550 Equity 50 Cash Total 125 750 Total 750 100 20 Depreciation EBIT Interest Expense EBT Taxes Net Income 80 20 60 Events Year 1 Year 2 Year 3 Year 4 Year 5 2. 3 4 5 20 0 50 0 o Take new loans 50 Repay loans 0 0 100 0 0 50 Year 1 Year 2 Year 3 Year 4 Year 5 3 4 0 100 120 120 200 Acquisition Divesture ra 20 40 | 30 Year Events Year 1 Year 3 Year 4 Year 5 2 N 3 4 50 20 0 50 0 Take new loans Repay loans 0 0 100 0 0 50 Year 1 Year 2 Year 3 Year 4 Year 5 2 3 0 100 120 120 200 Acquisition Divesture 50 50 30 40 30 Revenue, growth 10% EBIT, growth 10% Depr, growth 10% Tax rate 25% Cap Exp 50 same percentage of revenues Non-cash Working Capital as in the most recent year. For the next 5 years Assume that the interest rate do not change over the 5 years What is the maximum payout ratio for the 5 years, assuming that the company wants a Cash Balance of 250 at the end of year 5? Bilagor fr denna frga: Question 2.xlsx 13:14 Klar Question 2 T Tad 109 To se 2. The Greece Company You are asked to help the Greece company . The company is listed on the Athens Stock Exchange. You found the following information for the most recent year Income Statement Euro Balance Sheet Euro Fixed Revenues 500 Assets 500 Debt 200 EBITDA 150 Non- cash WC 125 550 Equity 50 Cash Total 125 750 Total 750 100 20 Depreciation EBIT Interest Expense EBT Taxes Net Income 80 20 60 Events Year 1 Year 2 Year 3 Year 4 Year 5 2. 3 4 5 20 0 50 0 o Take new loans 50 Repay loans 0 0 100 0 0 50 Year 1 Year 2 Year 3 Year 4 Year 5 3 4 0 100 120 120 200 Acquisition Divesture ra 20 40 | 30 Year Events Year 1 Year 3 Year 4 Year 5 2 N 3 4 50 20 0 50 0 Take new loans Repay loans 0 0 100 0 0 50 Year 1 Year 2 Year 3 Year 4 Year 5 2 3 0 100 120 120 200 Acquisition Divesture 50 50 30 40 30 Revenue, growth 10% EBIT, growth 10% Depr, growth 10% Tax rate 25% Cap Exp 50 same percentage of revenues Non-cash Working Capital as in the most recent year. For the next 5 years Assume that the interest rate do not change over the 5 years What is the maximum payout ratio for the 5 years, assuming that the company wants a Cash Balance of 250 at the end of year 5? Bilagor fr denna frga: Question 2.xlsx 13:14 Klar Question 2 T Tad 109 To se
