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Capital Expenditure EBIT (Year 1) Depreciation (Year 1) Increase in Net Working Capital (Year 1) 1,500 170 150 40 Increase in Net Working Capital
Capital Expenditure EBIT (Year 1) Depreciation (Year 1) Increase in Net Working Capital (Year 1) 1,500 170 150 40 Increase in Net Working Capital (Year O) Tax Rate 30 21% FCF's Growth Rate 5% 5% 2% 2% 2% 2% 2% 2% 2% Year 0 1 2 3 4 5 6 7 8 9 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10 2031 EBIT Less: Taxes Unlevered Net Income Add: Depreciation Less: Capital Expenditures 170 36 134 150 -1,500 0 Less: Increase in NWC -30 -40 FCF -1,530 244 257 269 275 280 286 292 297 303 309
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
