DATA FOR TESSIER-ASHPOOL CORP

The firm is a mature firm in the consumer staples sector

Sales for the most recent year were $2Billion

The firm has a Net Profit Margin of 5%.

Depreciation for the year was $300MM

Capital Expenditures were $325MM

Investment in Net Working Capital was $25MM

The firm finances all investments 60% with debt and 40% with equity.

The firm pays out 75% of earnings as dividends

The ROE for the firm was 12%

The Yield on Treasuries is 3%

TACs beta is 2.5

The market risk premium is 4%

TAC had 20 Million shares outstanding

Using the data for Tessier-Ashpool Corp (TAC) in the back, calculate TACs Intrinsic value per share assuming a constant growth in FCFE.