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Consider the following financial information about Vandelay Industries, a global latex manufacturer: High Growth Stage (2 years) Growth rate of FCFF EBIT (1-T) WACC
Consider the following financial information about Vandelay Industries, a global latex manufacturer: High Growth Stage (2 years) Growth rate of FCFF EBIT (1-T) WACC Capital Expenditures Depreciation ANCWC (increased) 15% $200m 10% $100m $100m $120m Stable Growth Stage Growth rate of FCFF 3% Market Value of Debt Cash Number of shares $2,500m $1,450m 100m Using the information above in a two-stage discounted cash flow (DCF) model, we can conclude that the fair target price of Vandelay Industries is closest to:
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
