32. Abha Plant Hire Limited is a company with an EBITDA of SR 400,000 and a depreciation charge of SR 260,000. The tax rate is 20%. The market value of the equity is SR 876,000 and the market value of the debt is SR 1,000,000. The interest charge is SR 48,000. The market discount rate for the cost of invested capital has been provided to you as 12.0% 33.

What is the implied growth rate?

A 6.0%

B 7.7%

C 2.0%

D 5%

34. You are using net income after tax to arrive at a value for a small corporation. A capitalization rate of 13% based on after-tax corporate cash flows has been derived. Net cash flows can be reasonably projected to be 70% of net income after tax. The adjusted capitalization rate to apply to net income after tax would therefore be: A 20.0% B 22.5% C 18.6% D 25.0%

40. Al Bartawi Limited has the following ratios:

Total assets / market value of invested capital 1.443 Operating profits / sales 8.07% Sales / total assets 1.171 Based on the above information, what is the percentage of operating profits over market value of invested capital? A 7.48% B 13.64% C 4.91% D 1.176%