Case Study 2-A

Download Case Study A, take all provided assumptions as given to complete the financial model and answer the following 7 questions.

StartupCo commenced operations at the beginning of 2020. $125 million of equity was raised to fund the purchase of equipment as well as for general corporate purposes. As part of its business planning process, a 5-year forecast was developed (Base Case) as well as upside and downside scenarios (High and Low Cases, respectively). At the end of 2020, StartupCo issued $150 million of 5-year debt, repayable in equal annual installments at the end of each year, to finance its future capital program.

3 Using the High Case, calculate the change in non-cash working capital in 2023E that would appear on the Cash Flow Statement.

Review Later

-$1,828

-$141

$141

$1,828