7. (35 points) McCool's Refrigeration is a commercial HVAC company in the Dallas-Fort Worth, Tewas metro area. The management instituted an aggressive marketing campaign in 2020 and estimates 20% sales growth over the next two years and 5% thereafter. No incremental working capital or spending would be required to support the increase in sales. Find the terminal value, enterprise value, equity value, equity price per share, EV/revenue, EV/EBITDA, and EV/EBIT. You must calculate the required rate of return and WACC first. Balance Sheet NWC Net PP&E Total Assets 2020 600,000 2,200,000 2,800,000 Long-term Debt Equity Total Debt & Equity Projected NWC -11% of sales Projeded net capital spending of sales Operating marrin is expected to remains Operating expenses indudes $100 depresionespense Rd -8.75% Risk free rate Tax Rate 35% Market risk premium55 Betais 12 Shares Outstanding - 120,000 980,000 1,820,000 2,800,000 2020 Income Statement Net Sales Cost of Sales Gross Profit Operating Expenses EBIT Interest EBT Tax (35%) Net Income 6,500,000 3,800,000 2,600,000 1,200,000 1,400,000 78,400 1,321,600 462,560 859,010 Input data in form on next page. Consider using Excel and paste form into this test or attach excel file. 7. (35 points) McCool's Refrigeration is a commercial HVAC company in the Dallas-Fort Worth, Tewas metro area. The management instituted an aggressive marketing campaign in 2020 and estimates 20% sales growth over the next two years and 5% thereafter. No incremental working capital or spending would be required to support the increase in sales. Find the terminal value, enterprise value, equity value, equity price per share, EV/revenue, EV/EBITDA, and EV/EBIT. You must calculate the required rate of return and WACC first. Balance Sheet NWC Net PP&E Total Assets 2020 600,000 2,200,000 2,800,000 Long-term Debt Equity Total Debt & Equity Projected NWC -11% of sales Projeded net capital spending of sales Operating marrin is expected to remains Operating expenses indudes $100 depresionespense Rd -8.75% Risk free rate Tax Rate 35% Market risk premium55 Betais 12 Shares Outstanding - 120,000 980,000 1,820,000 2,800,000 2020 Income Statement Net Sales Cost of Sales Gross Profit Operating Expenses EBIT Interest EBT Tax (35%) Net Income 6,500,000 3,800,000 2,600,000 1,200,000 1,400,000 78,400 1,321,600 462,560 859,010 Input data in form on next page. Consider using Excel and paste form into this test or attach excel file