Calculate FCF for the following firm for Years 15:

B D E G 1 Valuation Methods - Equivalence of WACC, APV, CCF 3. Assumptions (in USD, at the end of each period) Yearo Yeari Year2 Year3 Year4 Risk Free Rate (RF) 3.0% 4.5% 5.0% 5.596 6 Market Risk Premium (MRP) 6.0% 6.0% 6.0% 6.096 7 Tax Rate (tx) 40% 3596 30% 25% 8 Asset Beta (or unlevered equity beta) 1.3 1.3 1.3 1.3 9 Debt Beta 0.35 0.3 0.25 0.25 10 EBIT $100,000 $104,000 $108,000 $109,000 11 Depreciation $55,000 $57,200 $59,400 $59,950 12 Capex $65,000 $67,600 $70,200 $70,850 13 Increase in NWC $10,000 $10,400 $10,800 $10.900 14 Debt $150,000 $125,000 $80,000 $50,000 $25,000 Years 6.0% 6.0% 25% 1.3 0.2 $112,000 $61,600 $72,800 $11,200 SO