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Assume that the company / s sales are expected to grow 5 % per year for the next 5 years. EBIT margin per year will

Assume that the company/s sales are expected to grow 5% per year for the next 5 years. EBIT margin per year will remain constant for the next 5 years. The tax rate is 21%. Depreciation per year will remain constant for the next 5 years. Capital spending per year will remain constant for the next 5 years. Changes in non-cash working capital as a percent of sales will be 2%. Estimate the stock's intrinsic value. Show your detailed computations. Briefly explain your inputs and logic.
Stock Price: 193.18
EPS: 6.1297
P/E Ratio: 31.52
FCF: 995848
WACC: 8.48
EBI Margin: 30.13%(constant)]
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