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Calculate FCFs (to the Firm) for the years 2013 - 2017, assuming depreciation and investment cancel each other out. That is: depreciation=investment in WC +
Calculate FCFs (to the Firm) for the years 2013 - 2017, assuming depreciation and investment cancel each other out. That is: depreciation=investment in WC + investment in CAPEX.
You are the CFO of New Horizons, a travel agency. You have prepared the following estimations regarding future income statements (numbers in million) Sales EBIT Int. expense Tax @ 40% Net Income 2013 345,2 73,9 2,9 28,4 42,6 2014 367,3 75,7 3,7 28,8 43,2 2015 386,4 77,7 4,1 29,4 44,2 2016 413,8 89,8 5,5 33,7 50,6 2017 438,7 97,8 6,5 36,5 54,8
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To calculate the Free Cash Flows FCFs to the Firm for the years 20132017 we need to consider the cha...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
