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Calculate the enterprise value for the below company. Assume cash flows fall at the end of the year. Year Current 1 2 3 4 5

Calculate the enterprise value for the below company.

Assume cash flows fall at the end of the year.

Year Current 1 2 3 4 5
Sales 244.7 261.8 314.0 326.3 338.5
Costs 24.5 60.0 95.4 97.9 102.0
Operating profit 220.2 201.9 218.6 228.4 236.5
Interest expense 9.0 9.4 9.8 10.6 11.4
Tax expense 12.2 12.6 13.1 17.9 18.8
Cash and cash equivalents 697.8 714.5 802.7 901.7 897.2 938.0
Short term operating assets 25.5 27.7 31.2 35.0 35.9 40.0
Long term operating assets 786.2 805.1 822.8 934.4 1,027.9 1,130.7
Short term operating liabilities 186.4 190.9 199.4 209.4 230.3 253.3
Debt 798.1 817.3 918.1 1,031.4 1,111.5 1,187.7
Equity 524.9 539.2 605.7 680.4 685.2 687.6
Effective Tax Rate 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%
Long term growth rate 2.0%
WACC 7.5%

Select one:

1,257.8

1,723.3

2,850.0

903.2

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