assume FCF grows at 2% in perpetuity after 2018. what is the terminal value ( i.e the present value as of 2018) for FCFS after 2018). assume the discount rate is 10%

Answer Calculation of Income before taxes \& Income tax EBIT - it stands for Earnings before Interest \& Taxes. EBIT is a purely operating income before taxes. We can calculate EBIT by adding interest expenses and tax expenses back to net income and by deducting interest income from net income. EBT - it stands for Earnings before taxes. We can calculate it by adding tax expenses back to the net income. Final Answers: 1. EBIT in 2017=480 2. EBIT in 2018=610 3. EBT in 2017=440 4. EBT in 2018=560