A B FCFF Valuation with EV/EBITDA Multiple Terminal Value What is the Enterprise Value and Stock Price of a this firm using the FCFF (T=1-6) valuation model with a terminal value using an EV/EBITDA multiple at T=6 Enterprise Value? Stock Price? 60% Sales (T=1) $150,000 Sales Growth (T=2-6) 15% COGS as a % of Sales Depreciation (T=1) $20,000 Depreciation grows with Sales for future years (2-6) Tax Rate 25% 1 Net Working Capital % of Sales 0% - CAPEX (T=1) $25,000 5 CAPEX grows with Sales for future years (2-6) -EV/EBITDA Multiple (T=6) 10.00 Discount Rate 12% Net Debt (T=0) $200,000 Shares Outstanding 10,000 A B FCFF Valuation with EV/EBITDA Multiple Terminal Value What is the Enterprise Value and Stock Price of a this firm using the FCFF (T=1-6) valuation model with a terminal value using an EV/EBITDA multiple at T=6 Enterprise Value? Stock Price? 60% Sales (T=1) $150,000 Sales Growth (T=2-6) 15% COGS as a % of Sales Depreciation (T=1) $20,000 Depreciation grows with Sales for future years (2-6) Tax Rate 25% 1 Net Working Capital % of Sales 0% - CAPEX (T=1) $25,000 5 CAPEX grows with Sales for future years (2-6) -EV/EBITDA Multiple (T=6) 10.00 Discount Rate 12% Net Debt (T=0) $200,000 Shares Outstanding 10,000