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Based on the following data, what is the horizon value at the end of year 5? Year 1 Revenue 650.00 Fixed costs 90.00 Variable costs

Based on the following data, what is the horizon value at the end of year 5?

Year

1

Revenue

650.00

Fixed costs

90.00

Variable costs

220.00

Additional investment in NWC

3.00

Additional investment in operating long-term assets

80.00

Depreciation

75.00

Tax rate

0.40

The free cash flow is expected to grow at 8% from year 1 to year 5 and 6% after year 5 to infinity.

WACCcomp = 12%.

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