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answer the empty yellow please 7.0% 9.0% 3.0% 3.5 2,764 378 Fill in the shaded cells below. Use the assumptions to the left and assume

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answer the empty yellow please

7.0% 9.0% 3.0% 3.5 2,764 378 Fill in the shaded cells below. Use the assumptions to the left and assume that EBIT, Depreciation, CAPEX and Changes in working capital remain in the same proportion of sales. Assume taxes remain proportional to EBIT. $ 0 1 2 3 3 4 5 1 Sales growth 2 WACC 3 Long-term FCF growth 4 Price/Sales ratio 5 Market value of debt 6 Shares outstanding (in millions) 7 8 In Smillions 9 9 10 Sales 11 EBIT 12 Taxes 13 Earnings after tax 14 Depreciation 15 CAPEX 16 Change in working capital 17 Free cash flow 18 19 PV FCF 20 $ $ $ $ $ $ $ $ 9,652 2,124 508 1,616 319 232 193 1,510 Perpetual growth Price/Sales Ratio 21 22 Terminal value 23 PV(terminal value) 24 Estimated value of the firm 25 Value of equity 26 Value per share 27 Sales growth Perpetual growth Warranted PE 28 29 30 31 32 33 34 How sensitive are your value per share estimates to changes in sales growth and terminal growth? Fill in the shaded cells to the left using data table. 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% What is your best estimate of value per share today? Insert a text box and explain. 35 36 37 Perpetual growth Terminal growth 38 39 40 41 42 43 44 45 46 0.0% 1.0% % 2.0% 3.0% 4.0% 5.0% 6.0% 47 7.0% 9.0% 3.0% 3.5 2,764 378 Fill in the shaded cells below. Use the assumptions to the left and assume that EBIT, Depreciation, CAPEX and Changes in working capital remain in the same proportion of sales. Assume taxes remain proportional to EBIT. $ 0 1 2 3 3 4 5 1 Sales growth 2 WACC 3 Long-term FCF growth 4 Price/Sales ratio 5 Market value of debt 6 Shares outstanding (in millions) 7 8 In Smillions 9 9 10 Sales 11 EBIT 12 Taxes 13 Earnings after tax 14 Depreciation 15 CAPEX 16 Change in working capital 17 Free cash flow 18 19 PV FCF 20 $ $ $ $ $ $ $ $ 9,652 2,124 508 1,616 319 232 193 1,510 Perpetual growth Price/Sales Ratio 21 22 Terminal value 23 PV(terminal value) 24 Estimated value of the firm 25 Value of equity 26 Value per share 27 Sales growth Perpetual growth Warranted PE 28 29 30 31 32 33 34 How sensitive are your value per share estimates to changes in sales growth and terminal growth? Fill in the shaded cells to the left using data table. 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% What is your best estimate of value per share today? Insert a text box and explain. 35 36 37 Perpetual growth Terminal growth 38 39 40 41 42 43 44 45 46 0.0% 1.0% % 2.0% 3.0% 4.0% 5.0% 6.0% 47

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