6. Please consider the following company financials: Amounts in min dollars 31-12-18 actuals 31-12-19 forecast 31-12-20 forecast 31-12-21 forecast 31-12-22 forecast 31-12-23 forecast 31-12-24 forecast 208 234 208 246 208 263 208 276 208 290 208 301 208 310 102 112 Balance sheet Goodwill Tangible fixed assets Inventories Accounts Receivable Other operating short term assets Cash Total 90 172 23 42 769 95 180 25 213 107 202 28 37 858 117 221 30 193 26 37 829 29 120 228 31 50 947 42 796 36 888 41 918 234 246 259 272 301 317 312 312 312 312 286 312 46 312 Equity Interest bearing debt Operating provisions Accounts Payable Other operating short term liabilities Total 312 26 31 36 41 51 158 39 769 166 41 796 178 44 829 187 46 858 196 48 888 204 50 918 56 210 52 947 Profit & Loss Account Revenues - Cost of goods sold Gross margin - Personnel cost - Other operating cost www 475 344 876 508 368 1,035 600 435 780 452 328 117 62 149 31 118 0 123 66 155 33 EBITDA 8uuE 1,005 583 422 151 80 191 39 152 920 534 386 138 74 174 36 138 0 138 16 122 31 91 - Depreciation EBITA - Amortization EBIT - Interest PBT - Taxes Net profit 966 560 406 145 77 184 37 147 0 0 147 16 131 33 98 122 131 70 167 34 133 0 133 16 117 29 88 118 155 83 197 41 156 0 156 16 140 35 105 0 122 16 106 27 79 16 102 26 76 152 16 136 34 102 What is the present value (at December 2018) of the free cash flow of 2021 for this company? Please assume a WACC of 8% and a tax rate of 25%. Please round your answer to the nearest whole number and provide your answer in USD millions without a dollar sign (e.g. 100 instead of $100). 6. Please consider the following company financials: Amounts in min dollars 31-12-18 actuals 31-12-19 forecast 31-12-20 forecast 31-12-21 forecast 31-12-22 forecast 31-12-23 forecast 31-12-24 forecast 208 234 208 246 208 263 208 276 208 290 208 301 208 310 102 112 Balance sheet Goodwill Tangible fixed assets Inventories Accounts Receivable Other operating short term assets Cash Total 90 172 23 42 769 95 180 25 213 107 202 28 37 858 117 221 30 193 26 37 829 29 120 228 31 50 947 42 796 36 888 41 918 234 246 259 272 301 317 312 312 312 312 286 312 46 312 Equity Interest bearing debt Operating provisions Accounts Payable Other operating short term liabilities Total 312 26 31 36 41 51 158 39 769 166 41 796 178 44 829 187 46 858 196 48 888 204 50 918 56 210 52 947 Profit & Loss Account Revenues - Cost of goods sold Gross margin - Personnel cost - Other operating cost www 475 344 876 508 368 1,035 600 435 780 452 328 117 62 149 31 118 0 123 66 155 33 EBITDA 8uuE 1,005 583 422 151 80 191 39 152 920 534 386 138 74 174 36 138 0 138 16 122 31 91 - Depreciation EBITA - Amortization EBIT - Interest PBT - Taxes Net profit 966 560 406 145 77 184 37 147 0 0 147 16 131 33 98 122 131 70 167 34 133 0 133 16 117 29 88 118 155 83 197 41 156 0 156 16 140 35 105 0 122 16 106 27 79 16 102 26 76 152 16 136 34 102 What is the present value (at December 2018) of the free cash flow of 2021 for this company? Please assume a WACC of 8% and a tax rate of 25%. Please round your answer to the nearest whole number and provide your answer in USD millions without a dollar sign (e.g. 100 instead of $100)