Calculate:

WACC

Present Value of the Free Cash Flows

Terminal Value based upon Perpetuity Growth Rate and Exit Multiple

Equity Value based upon Exit Multiple Terminal Value

Perpetuity growth rate of 3.3% Terminal Exit Multiple of 8.0x Industry average beta of 1.1 20-year risk free rate of 5.4% Market risk premium of 8.0% Cost of Debt of 7.5% Debt to Capital ratio of 35% Total Debt of $1,190 Tax Rate of 40% " . . XYZ Company Relevant Free Cash Flow Items Projection EBITDA Free Cash Flovw Year 1 $450.00 $271.70 Year 2 $475.00 $280.70 Year 3 $500.00 $290.00