DCF Company Valuation Prepar a DCF Valuation ofApple, INCusing the eVal model and the projections Compare the intrinsic value of the company's stock (valuation) to the current stock price Interpret and explain the results 2 EVA MVA Analysis Prepar an analysis of EVA and MVA for Apple, INC Excel models are provided by the instructor Explain the results Week 6 Prepare DFCF Stock Valuation (Discounted Free Cash Flow Stock Valuation) and EVA MVA Analysis (Rev 12 14 16) Students may elect to use the eVal Financial Forecasting Model or Prof Stevens' Excel Discounted Free Cash Flow Valuation Model for the DCF Stock Valuation part of this assignment If the eVal model is selected, make sure that financial information is available for the company that is selected for the assignment (See http www lundholmandandsloan com) Similarly, if Prof Stevens' model is used for the assignment make sure that financial information is available (e g , Yahoo Finance, etc ) (Note Alternatively, the ValuePro net model may be used for the DCF valuation but the final score for the assignment will be reduced by 20 if that alternative is selected ) The actual Excel forecasting model (either eVal or Prof Stevens' model) must be submitted with the assignment The instructor's EVA MVA Excel Model must be used for the EVA MVA analysis That model must be submitted with the assignment, too Assignment DCF Valuation and EVA MVA Analysis Using the company that was selected for the class, there are two parts to this assignment 1 DCF Company Valuation Prepare a DCF Valuation of the selected company using either (a) the eVal Excel Model and the projections developed in Week 2, or, (b) Professor Stevens' Excel Financial Forecasting Model Both of the models have an embedded worksheet that accommodates the Discounted Free Cash Flow stock valuation Make sure that the stock valuation model is submitted with the written analysis Discuss, interpret and explain the assumptions (variables) used in the analysis Discuss, interpret and explain the results of the analysis This involves comparing the intrinsic value of the company's stock valuation to the current stock price and carefully explaining any differences 2 EVA MVA Analysis Prepare an analysis of EVA and MVA for the selected company An Excel model is provided by the instructor Explain the results Make sure that the EVA MVA Excel model is submitted with the written analysis 1 CONTENT OF THE ANALYSIS The analysis associated with the two parts of the assignment needs to include 1 Explanation of the Variables Used in the DCF Valuation Explain and justify all of the variables used in the DCF valuation These would include, but are not limited to, the growth rates, capitalization structure, cost of capital components, WACC, etc 2 Explanation and Interpretation of DCF Valuation Results Explain the results of the DCF analysis This should include an analysis of any difference between the results of the DCF analysis and the current stock price 3 Explanation of the Data Used for the EVA Analysis and Interpretation of Results Present the results of the EVA analysis and explain what they mean The analysis should discuss future EVA results and what variables can affect those results either positively or negatively 4 Explanation of the Data Used for the MVA Analysis and Interpretation of Results Present the results of the MVA analysis and explain what they mean The analysis should explain a discussion of future MVA results and what variables can affect those results either positively or negatively Writing Instructions The discussion portion of the analysis should be three to five pages in length, double spaced, and should employ APA style and format for reference citations Supporting data (e g , figures, tables, etc ) and references should be submitted limited to four separate attachments in an appendix after the written portion of the paper The paper should begin with a short introduction and then proceed to examine the four topics outlined in the previous section The subheadings used in the paper should be 1 Introduction 2 Explanation of the Variables Used in the DCF Valuation 3 Explanation and Interpretation of DCF Valuation Results (Including comparison and explanation of differences between the current stock price and results of the DCF valuation ) 4 Explanation of the Data Used for the EVA Analysis and Interpretation of Results 5 Explanation of the Data Used for the MVA Analysis and Interpretation of Results Evaluation 12 5 of final course grade Completeness of analysis The analysis must demonstrate a solid understanding of discounted free cash flow stock valuation and EVA MVA analysis All assumptions used in preparing the projections for the project need to be presented and thoroughly explained Organization The paper should be well organized and follow a logical pattern of analysis and discussion Presentation Papers should meet professional business standards and meet APA formatting requirements 2 Spelling, punctuation, and grammar There should be few errors in grammar and punctuation All sentences must be complete and well structured Submission and Format The completed paper is to be submitted to the Gradebook location designated for the assignment The paper must be in Word format otherwise no credit is earned for the assignment The paper is also to be submitted to the Online Classroom This will allow students to examine and discuss the various projects GRADING RUBRIC FOR DCF MVAEVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard F D , D, D Satisfactory, meets essential requirements Superior Work and clearly above average Work of Distinction B , B, B A , A, A Satisfactory presentation of the introduction Superior presentation of the introduction and clearly above average Distinctive and very thorough presentation of this first section Satisfactory development and presentation of the description of the variables used in the DCF valuation analysis Superior development and presentation of the description of the variables used in the DCF valuation analysis The analysis is understandable and the cash flows seem to be relatively realistic Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable Related Grade C , C, C Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report 2 Explanation of the Variables Used in the DCF Valuation Explain and justify all of the variables used in the DCF valuation These would include, but are not limited to, the growth rates, capitalization structure, cost of capital components, WACC, etc Introduction is not presented or undeserving of credit Only a superficial effort to develop the introduction Virtually no effort to explain the variables used in the DCF valuation analysis or, section not completed Marginally passing development and presentation of the description of the variables used in the DCF analysis May be some significant weaknesses in the overall description and related financial data 3 Virtually no effort to examine and explain the results of the analysis or, section not completed Passing effort to examine the results of the analysis May be some errors or inconsistencies with the explanation and interpretation of the results Virtually no effort to explain the data used in the EVA valuation analysis or to interpret the results or, section not completed Marginally passing development and presentation of the data used in the EVA analysis and interpretation of the results May be some significant weaknesses in the overall description and interpretation of the financial data and results 5 Explanation of the Data Used for the MVA Analysis and Interpretation of Results Present the results of the MVA analysis and explain what they mean The analysis should discuss future MVA results and what variables can affect those results either positively or negatively Virtually no effort to explain the data used in the MVA valuation analysis or to interpret the results or, section not completed Marginally passing development and presentation of the data used in the MVA analysis and interpretation of the results May be some significant weaknesses in the overall description and interpretation of the financial data and results 6 Writing, Grammar, Spelling, Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report Avoidance of Personal Pronouns Avoidance of Referring to Company as They, Their, or Them etc Appropriate use of reference citations Paper is poorly written and presented not worthy of a passing evaluation May have failed to use appropriate subheadings for the assignment Passing written presentation may have major weaknesses 3 Explanation and Interpretation of DCF Valuation Results Explain the results of the DCF analysis This should include an analysis of any difference between the results of the DCF analysis and the current stock price 4 Explanation of the Data Used for the EVA and Interpretation of Results Present the results of the EVA analysis and explain what they mean The analysis should discuss future EVA results and what variables can affect those results either positively or negatively Satisfactory effort to examine the results of the analysis May be some minor errors or inconsistencies Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis The analysis is careful, comprehensive, detailed, and consistent Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable Satisfactorily written presentation with some weaknesses Superior written presentation with very limited minor weaknesses, omissions, etc Distinctively written presentation with no obvious weaknesses 4 5 GRADING RUBRIC FOR DCF MVA EVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Work of Distinction Related Grade F D , D, D C , C, C B , B, B A , A, A Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction introduction clearly above credit average Distinctive and very thorough presentation of this first section Marginally passing development and 2 Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation These would the DCF analysis the DCF valuation include, but are not limited to, the May be some analysis or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed components, WACC, etc overall description and related financial data Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis The variables used in analysis is the DCF valuation understandable analysis and the cash flows seem to be relatively realistic Passing effort to examine the 3 Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results Explain the to examine and analysis May be results of the DCF analysis This explain the results some errors or should include an analysis of any of the analysis or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed explanation and price interpretation of the results Distinctive and comprehensive Superior and effort to explain Satisfactory effort reasonably and interpret the to examine the comprehensive results of the results of the effort to explain valuation analysis analysis May be and interpret the The analysis is some minor errors results of the careful, or inconsistencies valuation analysis comprehensive, detailed, and consistent Marginally passing development and presentation of the 4 Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results May valuation analysis mean The analysis should discuss be some or to interpret the future EVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable Marginally passing development and presentation of the 5 Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results Present the results of interpretation of used in the MVA the MVA analysis and explain what the results May valuation analysis they mean The analysis should be some or to interpret the discuss future MVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results 6 Writing, Grammar, Spelling, Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report Avoidance of Personal Pronouns Avoidance of Referring to Company as They, Their, or Them etc Appropriate use of reference citations Paper is poorly written and presented not worthy of a passing evaluation May have failed to use appropriate subheadings for the assignment Passing written presentation may have major weaknesses 15 Individualized Comments About Research Paper Scoring Lookup Table A 95 A 91 A 98 B 85 B 81 B 88 C 75 C 71 C 78 D 65 D 61 D 68 F 40 F 0 F 55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses omissions, etc Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable Distinctively written presentation with no obvious weaknesses Input Grade Points Weight Score A 98 15 00 14 70 A 98 17 00 16 66 A 98 17 00 16 66 A 98 17 00 16 66 A 98 17 00 16 66 A 98 17 00 16 66 Total 100 00 Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF MVA EVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Work of Distinction Related Grade F D , D, D C , C, C B , B, B A , A, A Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction introduction clearly above credit average Distinctive and very thorough presentation of this first section Marginally passing development and 2 Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation These would the DCF analysis the DCF valuation include, but are not limited to, the May be some analysis or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed components, WACC, etc overall description and related financial data Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis The variables used in analysis is the DCF valuation understandable analysis and the cash flows seem to be relatively realistic Passing effort to examine the 3 Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results Explain the to examine and analysis May be results of the DCF analysis This explain the results some errors or should include an analysis of any of the analysis or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed explanation and price interpretation of the results Distinctive and comprehensive Superior and effort to explain Satisfactory effort reasonably and interpret the to examine the comprehensive results of the results of the effort to explain valuation analysis analysis May be and interpret the The analysis is some minor errors results of the careful, or inconsistencies valuation analysis comprehensive, detailed, and consistent Marginally passing development and presentation of the 4 Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results May valuation analysis mean The analysis should discuss be some or to interpret the future EVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable Marginally passing development and presentation of the 5 Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results Present the results of interpretation of used in the MVA the MVA analysis and explain what the results May valuation analysis they mean The analysis should be some or to interpret the discuss future MVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results 6 Writing, Grammar, Spelling, Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report Avoidance of Personal Pronouns Avoidance of Referring to Company as They, Their, or Them etc Appropriate use of reference citations Paper is poorly written and presented not worthy of a passing evaluation May have failed to use appropriate subheadings for the assignment Passing written presentation may have major weaknesses 15 Individualized Comments About Research Paper Scoring Lookup Table A 95 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses omissions, etc Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable Distinctively written presentation with no obvious weaknesses A 91 A 98 B 85 B 81 B 88 C 75 C 71 C 78 D 65 D 61 D 68 F 40 F 0 F 55 Input Grade Points Weight Score A 98 15 00 14 70 A 98 17 00 16 66 A 98 17 00 16 66 A 98 17 00 16 66 A 98 17 00 16 66 A 98 17 00 16 66 Total 100 00 Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF MVA EVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D C , C, C B , B, B Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction introduction clearly above credit average Marginally passing development and 2 Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation These would the DCF analysis the DCF valuation include, but are not limited to, the May be some analysis or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed components, WACC, etc overall description and related financial data Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis The variables used in analysis is the DCF valuation understandable analysis and the cash flows seem to be relatively realistic Passing effort to examine the 3 Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results Explain the to examine and analysis May be results of the DCF analysis This explain the results some errors or should include an analysis of any of the analysis or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed explanation and price interpretation of the results Satisfactory effort to examine the results of the analysis May be some minor errors or inconsistencies Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis Marginally passing development and presentation of the 4 Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results May valuation analysis mean The analysis should discuss be some or to interpret the future EVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Marginally passing development and presentation of the 5 Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results Present the results of interpretation of used in the MVA the MVA analysis and explain what the results May valuation analysis they mean The analysis should be some or to interpret the discuss future MVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results 6 Writing, Grammar, Spelling, Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report Avoidance of Personal Pronouns Avoidance of Referring to Company as They, Their, or Them etc Appropriate use of reference citations Paper is poorly written and presented not worthy of a passing evaluation May have failed to use appropriate subheadings for the assignment Passing written presentation may have major weaknesses 15 Individualized Comments About Research Paper Scoring Lookup Table A 95 A 91 A 98 B 85 B 81 B 88 C 75 C 71 C 78 D 65 D 61 D 68 F 40 F 0 F 55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses omissions, etc A EVA ANALYSIS Work of Distinction A , A, A Input Grade Points Weight Score Distinctive and very thorough presentation of this first section A 98 15 00 14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable A 98 17 00 16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis The analysis is careful, comprehensive, detailed, and consistent A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctively written presentation with no obvious weaknesses A 98 17 00 16 66 Total 100 00 Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF MVA EVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D C , C, C B , B, B Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction introduction clearly above credit average Marginally passing development and 2 Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation These would the DCF analysis the DCF valuation include, but are not limited to, the May be some analysis or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed components, WACC, etc overall description and related financial data Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis The variables used in analysis is the DCF valuation understandable analysis and the cash flows seem to be relatively realistic Passing effort to examine the 3 Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results Explain the to examine and analysis May be results of the DCF analysis This explain the results some errors or should include an analysis of any of the analysis or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed explanation and price interpretation of the results Satisfactory effort to examine the results of the analysis May be some minor errors or inconsistencies Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis Marginally passing development and presentation of the 4 Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results May valuation analysis mean The analysis should discuss be some or to interpret the future EVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Marginally passing development and presentation of the 5 Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results Present the results of interpretation of used in the MVA the MVA analysis and explain what the results May valuation analysis they mean The analysis should be some or to interpret the discuss future MVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results 6 Writing, Grammar, Spelling, Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report Avoidance of Personal Pronouns Avoidance of Referring to Company as They, Their, or Them etc Appropriate use of reference citations Paper is poorly written and presented not worthy of a passing evaluation May have failed to use appropriate subheadings for the assignment Passing written presentation may have major weaknesses 15 Individualized Comments About Research Paper Scoring Lookup Table A 95 A 91 A 98 B 85 B 81 B 88 C 75 C 71 C 78 D 65 D 61 D 68 F 40 F 0 F 55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses omissions, etc A EVA ANALYSIS Work of Distinction A , A, A Input Grade Points Weight Score Distinctive and very thorough presentation of this first section A 98 15 00 14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable A 98 17 00 16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis The analysis is careful, comprehensive, detailed, and consistent A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctively written presentation with no obvious weaknesses A 98 17 00 16 66 Total 100 00 Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF MVA EVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D C , C, C B , B, B Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction introduction clearly above credit average Marginally passing development and 2 Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation These would the DCF analysis the DCF valuation include, but are not limited to, the May be some analysis or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed components, WACC, etc overall description and related financial data Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis The variables used in analysis is the DCF valuation understandable analysis and the cash flows seem to be relatively realistic Passing effort to examine the 3 Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results Explain the to examine and analysis May be results of the DCF analysis This explain the results some errors or should include an analysis of any of the analysis or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed explanation and price interpretation of the results Satisfactory effort to examine the results of the analysis May be some minor errors or inconsistencies Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis Marginally passing development and presentation of the 4 Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results May valuation analysis mean The analysis should discuss be some or to interpret the future EVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Marginally passing development and presentation of the 5 Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results Present the results of interpretation of used in the MVA the MVA analysis and explain what the results May valuation analysis they mean The analysis should be some or to interpret the discuss future MVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results 6 Writing, Grammar, Spelling, Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report Avoidance of Personal Pronouns Avoidance of Referring to Company as They, Their, or Them etc Appropriate use of reference citations Paper is poorly written and presented not worthy of a passing evaluation May have failed to use appropriate subheadings for the assignment Passing written presentation may have major weaknesses 15 Individualized Comments About Research Paper Scoring Lookup Table A 95 A 91 A 98 B 85 B 81 B 88 C 75 C 71 C 78 D 65 D 61 D 68 F 40 F 0 F 55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses omissions, etc A EVA ANALYSIS Work of Distinction A , A, A Input Grade Points Weight Score Distinctive and very thorough presentation of this first section A 98 15 00 14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable A 98 17 00 16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis The analysis is careful, comprehensive, detailed, and consistent A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctively written presentation with no obvious weaknesses A 98 17 00 16 66 Total 100 00 Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF MVA EVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D C , C, C B , B, B Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction introduction clearly above credit average Marginally passing development and 2 Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation These would the DCF analysis the DCF valuation include, but are not limited to, the May be some analysis or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed components, WACC, etc overall description and related financial data Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis The variables used in analysis is the DCF valuation understandable analysis and the cash flows seem to be relatively realistic Passing effort to examine the 3 Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results Explain the to examine and analysis May be results of the DCF analysis This explain the results some errors or should include an analysis of any of the analysis or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed explanation and price interpretation of the results Satisfactory effort to examine the results of the analysis May be some minor errors or inconsistencies Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis Marginally passing development and presentation of the 4 Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results May valuation analysis mean The analysis should discuss be some or to interpret the future EVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Marginally passing development and presentation of the 5 Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results Present the results of interpretation of used in the MVA the MVA analysis and explain what the results May valuation analysis they mean The analysis should be some or to interpret the discuss future MVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results 6 Writing, Grammar, Spelling, Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report Avoidance of Personal Pronouns Avoidance of Referring to Company as They, Their, or Them etc Appropriate use of reference citations Paper is poorly written and presented not worthy of a passing evaluation May have failed to use appropriate subheadings for the assignment Passing written presentation may have major weaknesses 15 Individualized Comments About Research Paper Scoring Lookup Table A 95 A 91 A 98 B 85 B 81 B 88 C 75 C 71 C 78 D 65 D 61 D 68 F 40 F 0 F 55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses omissions, etc A EVA ANALYSIS Work of Distinction A , A, A Input Grade Points Weight Score Distinctive and very thorough presentation of this first section A 98 15 00 14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable A 98 17 00 16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis The analysis is careful, comprehensive, detailed, and consistent A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctively written presentation with no obvious weaknesses A 98 17 00 16 66 Total 100 00 Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF MVA EVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D C , C, C B , B, B Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction introduction clearly above credit average Marginally passing development and 2 Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation These would the DCF analysis the DCF valuation include, but are not limited to, the May be some analysis or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed components, WACC, etc overall description and related financial data Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis The variables used in analysis is the DCF valuation understandable analysis and the cash flows seem to be relatively realistic Passing effort to examine the 3 Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results Explain the to examine and analysis May be results of the DCF analysis This explain the results some errors or should include an analysis of any of the analysis or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed explanation and price interpretation of the results Satisfactory effort to examine the results of the analysis May be some minor errors or inconsistencies Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis Marginally passing development and presentation of the 4 Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results May valuation analysis mean The analysis should discuss be some or to interpret the future EVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Marginally passing development and presentation of the 5 Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results Present the results of interpretation of used in the MVA the MVA analysis and explain what the results May valuation analysis they mean The analysis should be some or to interpret the discuss future MVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results 6 Writing, Grammar, Spelling, Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report Avoidance of Personal Pronouns Avoidance of Referring to Company as They, Their, or Them etc Appropriate use of reference citations Paper is poorly written and presented not worthy of a passing evaluation May have failed to use appropriate subheadings for the assignment Passing written presentation may have major weaknesses 15 Individualized Comments About Research Paper Scoring Lookup Table A 95 A 91 A 98 B 85 B 81 B 88 C 75 C 71 C 78 D 65 D 61 D 68 F 40 F 0 F 55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses omissions, etc A EVA ANALYSIS Work of Distinction A , A, A Input Grade Points Weight Score Distinctive and very thorough presentation of this first section A 98 15 00 14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable A 98 17 00 16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis The analysis is careful, comprehensive, detailed, and consistent A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable A 98 17 00 16 66 Distinctively written presentation with no obvious weaknesses A 98 17 00 16 66 Total 100 00 Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF MVA EVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Work of Distinction Related Grade F D , D, D C , C, C B , B, B A , A, A Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction introduction clearly above credit average Distinctive and very thorough presentation of this first section Marginally passing development and 2 Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation These would the DCF analysis the DCF valuation include, but are not limited to, the May be some analysis or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed components, WACC, etc overall description and related financial data Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis The variables used in analysis is the DCF valuation understandable analysis and the cash flows seem to be relatively realistic Passing effort to examine the 3 Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results Explain the to examine and analysis May be results of the DCF analysis This explain the results some errors or should include an analysis of any of the analysis or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed explanation and price interpretation of the results Distinctive and comprehensive Superior and effort to explain Satisfactory effort reasonably and interpret the to examine the comprehensive results of the results of the effort to explain valuation analysis analysis May be and interpret the The analysis is some minor errors results of the careful, or inconsistencies valuation analysis comprehensive, detailed, and consistent Marginally passing development and presentation of the 4 Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results May valuation analysis mean The analysis should discuss be some or to interpret the future EVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable Marginally passing development and presentation of the 5 Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results Present the results of interpretation of used in the MVA the MVA analysis and explain what the results May valuation analysis they mean The analysis should be some or to interpret the discuss future MVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results 6 Writing, Grammar, Spelling, Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report Avoidance of Personal Pronouns Avoidance of Referring to Company as They, Their, or Them etc Appropriate use of reference citations Paper is poorly written and presented not worthy of a passing evaluation May have failed to use appropriate subheadings for the assignment Passing written presentation may have major weaknesses 15 Individualized Comments About Research Paper Scoring Lookup Table A 95 A 91 A 98 B 85 B 81 B 88 C 75 C 71 C 78 D 65 D 61 D 68 F 40 F 0 F 55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses omissions, etc Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable Distinctively written presentation with no obvious weaknesses Input Grade Points Weight Score A 98 15 00 14 70 A 98 17 00 16 66 A 98 17 00 16 66 A 98 17 00 16 66 A 98 17 00 16 66 A 98 17 00 16 66 Total 100 00 Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF MVA EVA ANALYSIS Student Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Work of Distinction Related Grade F D , D, D C , C, C B , B, B A , A, A Category Required Topics 1 Introduction Provide a brief overview of the assignment and include a preview of the contents of the report Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction introduction clearly above credit average Distinctive and very thorough presentation of this first section Marginally passing development and 2 Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation These would the DCF analysis the DCF valuation include, but are not limited to, the May be some analysis or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed components, WACC, etc overall description and related financial data Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis The variables used in analysis is the DCF valuation understandable analysis and the cash flows seem to be relatively realistic Passing effort to examine the 3 Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results Explain the to examine and analysis May be results of the DCF analysis This explain the results some errors or should include an analysis of any of the analysis or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed explanation and price interpretation of the results Distinctive and comprehensive Superior and effort to explain Satisfactory effort reasonably and interpret the to examine the comprehensive results of the results of the effort to explain valuation analysis analysis May be and interpret the The analysis is some minor errors results of the careful, or inconsistencies valuation analysis comprehensive, detailed, and consistent Marginally passing development and presentation of the 4 Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results May valuation analysis mean The analysis should discuss be some or to interpret the future EVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and results Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results May be some weaknesses in the description of the data and interpretation of the results Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results The analysis is understandable and the results seem to be relatively realistic Distinctive development and presentation of the description of the variables used in the DCF analysis The assumptions and the cash flows are clear, realistic, and understandable Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results The assumptions and results are clear, realistic, and understandable Marginally passing development and presentation of the 5 Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results Present the results of interpretation of used in the MVA the MVA analysis and explain what the results May valuation analysis they mean The analysis should be some or to interpret the discuss future MVA results and what significant results or, section variables can affect those results weaknesses in the not completed either positively or negatively overall description and interpretation of the financial data and

Question

DCF Company Valuation   Prepar a DCF Valuation ofApple, INCusing the eVal model and the projections  Compare the intrinsic value of the company's stock (valuation) to the current stock price  Interpret and explain the results  2  EVA   MVA Analysis   Prepar an analysis of EVA and MVA for Apple, INC Excel models are provided by the instructor Explain the results  Week 6 Prepare DFCF Stock Valuation (Discounted Free Cash Flow Stock Valuation) and EVA MVA Analysis (Rev  12 14 16) Students may elect to use the eVal Financial Forecasting Model or Prof  Stevens' Excel Discounted Free Cash Flow Valuation Model for the DCF Stock Valuation part of this assignment  If the eVal model is selected, make sure that financial information is available for the company that is selected for the assignment (See  http   www lundholmandandsloan com)  Similarly, if Prof  Stevens' model is used for the assignment make sure that financial information is available (e g , Yahoo Finance, etc )  (Note  Alternatively, the ValuePro net model may be used for the DCF valuation but the final score for the assignment will be reduced by 20  if that alternative is selected ) The actual Excel forecasting model (either eVal or Prof  Stevens' model) must be submitted with the assignment  The instructor's EVA MVA Excel Model must be used for the EVA MVA analysis  That model must be submitted with the assignment, too  Assignment  DCF Valuation and EVA MVA Analysis Using the company that was selected for the class, there are two parts to this assignment  1  DCF Company Valuation   Prepare a DCF Valuation of the selected company using either  (a) the eVal Excel Model and the projections developed in Week 2, or, (b) Professor Stevens' Excel Financial Forecasting Model  Both of the models have an embedded worksheet that accommodates the Discounted Free Cash Flow stock valuation  Make sure that the stock valuation model is submitted with the written analysis  Discuss, interpret and explain the assumptions (variables) used in the analysis  Discuss, interpret and explain the results of the analysis  This involves comparing the intrinsic value of the company's stock valuation to the current stock price and carefully explaining any differences  2  EVA   MVA Analysis Prepare an analysis of EVA and MVA for the selected company  An Excel model is provided by the instructor  Explain the results  Make sure that the EVA MVA Excel model is submitted with the written analysis  1 CONTENT OF THE ANALYSIS The analysis associated with the two parts of the assignment needs to include  1  Explanation of the Variables Used in the DCF Valuation   Explain and justify all of the variables used in the DCF valuation  These would include, but are not limited to, the growth rates, capitalization structure, cost of capital components, WACC, etc  2  Explanation and Interpretation of DCF Valuation Results   Explain the results of the DCF analysis  This should include an analysis of any difference between the results of the DCF analysis and the current stock price  3  Explanation of the Data Used for the EVA Analysis and Interpretation of Results   Present the results of the EVA analysis and explain what they mean  The analysis should discuss future EVA results and what variables can affect those results either positively or negatively  4  Explanation of the Data Used for the MVA Analysis and Interpretation of Results   Present the results of the MVA analysis and explain what they mean  The analysis should explain a discussion of future MVA results and what variables can affect those results either positively or negatively  Writing Instructions The discussion portion of the analysis should be three to five pages in length, double spaced, and should employ APA style and format for reference citations  Supporting data (e g , figures, tables, etc ) and references should be submitted limited to four separate attachments in an appendix after the written portion of the paper  The paper should begin with a short introduction and then proceed to examine the four topics outlined in the previous section  The subheadings used in the paper should be  1  Introduction 2  Explanation of the Variables Used in the DCF Valuation 3  Explanation and Interpretation of DCF Valuation Results (Including comparison and explanation of differences between the current stock price and results of the DCF valuation ) 4  Explanation of the Data Used for the EVA Analysis and Interpretation of Results 5  Explanation of the Data Used for the MVA Analysis and Interpretation of Results Evaluation  12 5  of final course grade  Completeness of analysis  The analysis must demonstrate a solid understanding of discounted free cash flow stock valuation and EVA MVA analysis  All assumptions used in preparing the projections for the project need to be presented and thoroughly explained  Organization  The paper should be well organized and follow a logical pattern of analysis and discussion  Presentation  Papers should meet professional business standards and meet APA formatting requirements  2 Spelling, punctuation, and grammar  There should be few errors in grammar and punctuation  All sentences must be complete and well structured  Submission and Format  The completed paper is to be submitted to the   Gradebook   location designated for the assignment  The paper must be in Word format otherwise no credit is earned for the assignment  The paper is also to be submitted to the Online Classroom  This will allow students to examine and discuss the various projects  GRADING RUBRIC FOR DCF   MVAEVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard F D , D, D  Satisfactory, meets essential requirements Superior Work and clearly above average Work of Distinction B , B, B  A , A, A  Satisfactory presentation of the introduction  Superior presentation of the introduction and clearly above average  Distinctive and very thorough presentation of this first section  Satisfactory development and presentation of the description of the variables used in the DCF valuation analysis  Superior development and presentation of the description of the variables used in the DCF valuation analysis  The analysis is understandable and the cash flows seem to be relatively realistic  Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  Related Grade C , C, C  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  2  Explanation of the Variables Used in the DCF Valuation   Explain and justify all of the variables used in the DCF valuation  These would include, but are not limited to, the growth rates, capitalization structure, cost of capital components, WACC, etc  Introduction is not presented or undeserving of credit  Only a superficial effort to develop the introduction  Virtually no effort to explain the variables used in the DCF valuation analysis  or, section not completed  Marginally passing development and presentation of the description of the variables used in the DCF analysis  May be some significant weaknesses in the overall description and related financial data  3 Virtually no effort to examine and explain the results of the analysis  or, section not completed  Passing effort to examine the results of the analysis  May be some errors or inconsistencies with the explanation and interpretation of the results  Virtually no effort to explain the data used in the EVA valuation analysis or to interpret the results  or, section not completed  Marginally passing development and presentation of the data used in the EVA analysis and interpretation of the results  May be some significant weaknesses in the overall description and interpretation of the financial data and results  5  Explanation of the Data Used for the MVA Analysis and Interpretation of Results   Present the results of the MVA analysis and explain what they mean  The analysis should discuss future MVA results and what variables can affect those results either positively or negatively  Virtually no effort to explain the data used in the MVA valuation analysis or to interpret the results  or, section not completed  Marginally passing development and presentation of the data used in the MVA analysis and interpretation of the results  May be some significant weaknesses in the overall description and interpretation of the financial data and results  6  Writing, Grammar, Spelling,   Presentation Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report  Avoidance of Personal Pronouns  Avoidance of Referring to Company as They, Their, or Them  etc  Appropriate use of reference citations  Paper is poorly written and presented  not worthy of a passing evaluation  May have failed to use appropriate subheadings for the assignment  Passing written presentation  may have major weaknesses  3  Explanation and Interpretation of DCF Valuation Results   Explain the results of the DCF analysis  This should include an analysis of any difference between the results of the DCF analysis and the current stock price  4  Explanation of the Data Used for the EVA and Interpretation of Results   Present the results of the EVA analysis and explain what they mean  The analysis should discuss future EVA results and what variables can affect those results either positively or negatively  Satisfactory effort to examine the results of the analysis  May be some minor errors or inconsistencies  Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis  Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis  The analysis is careful, comprehensive, detailed, and consistent  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  Satisfactorily written presentation with some weaknesses  Superior written presentation with very limited minor weaknesses, omissions, etc  Distinctively written presentation with no obvious weaknesses  4 5 GRADING RUBRIC FOR DCF   MVA EVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Work of Distinction Related Grade F D , D, D  C , C, C  B , B, B  A , A, A  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction  introduction  clearly above credit  average  Distinctive and very thorough presentation of this first section  Marginally passing development and 2  Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation   Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation  These would the DCF analysis   the DCF valuation include, but are not limited to, the May be some analysis  or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed  components, WACC, etc  overall description and related financial data  Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis  The variables used in analysis is the DCF valuation understandable analysis  and the cash flows seem to be relatively realistic  Passing effort to examine the 3  Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results   Explain the to examine and analysis  May be results of the DCF analysis  This explain the results some errors or should include an analysis of any of the analysis  or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed  explanation and price  interpretation of the results  Distinctive and comprehensive Superior and effort to explain Satisfactory effort reasonably and interpret the to examine the comprehensive results of the results of the effort to explain valuation analysis  analysis  May be and interpret the The analysis is some minor errors results of the careful, or inconsistencies  valuation analysis  comprehensive, detailed, and consistent  Marginally passing development and presentation of the 4  Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results   Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results   May valuation analysis mean  The analysis should discuss be some or to interpret the future EVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  Marginally passing development and presentation of the 5  Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results   Present the results of interpretation of used in the MVA the MVA analysis and explain what the results   May valuation analysis they mean  The analysis should be some or to interpret the discuss future MVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  6  Writing, Grammar, Spelling,   Presentation   Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report  Avoidance of Personal Pronouns  Avoidance of Referring to Company as They, Their, or Them  etc  Appropriate use of reference citations  Paper is poorly written and presented  not worthy of a passing evaluation  May have failed to use appropriate subheadings for the assignment  Passing written presentation  may have major weaknesses  15  Individualized Comments About Research Paper Scoring Lookup Table A 95 A  91 A  98 B 85 B  81 B  88 C 75 C  71 C  78 D 65 D  61 D  68 F 40 F  0 F  55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses  omissions, etc  Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  Distinctively written presentation with no obvious weaknesses  Input Grade Points Weight Score A  98 15 00  14 70 A  98 17 00  16 66 A  98 17 00  16 66 A  98 17 00  16 66 A  98 17 00  16 66 A  98 17 00  16 66 Total 100 00  Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF   MVA EVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Work of Distinction Related Grade F D , D, D  C , C, C  B , B, B  A , A, A  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction  introduction  clearly above credit  average  Distinctive and very thorough presentation of this first section  Marginally passing development and 2  Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation   Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation  These would the DCF analysis   the DCF valuation include, but are not limited to, the May be some analysis  or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed  components, WACC, etc  overall description and related financial data  Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis  The variables used in analysis is the DCF valuation understandable analysis  and the cash flows seem to be relatively realistic  Passing effort to examine the 3  Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results   Explain the to examine and analysis  May be results of the DCF analysis  This explain the results some errors or should include an analysis of any of the analysis  or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed  explanation and price  interpretation of the results  Distinctive and comprehensive Superior and effort to explain Satisfactory effort reasonably and interpret the to examine the comprehensive results of the results of the effort to explain valuation analysis  analysis  May be and interpret the The analysis is some minor errors results of the careful, or inconsistencies  valuation analysis  comprehensive, detailed, and consistent  Marginally passing development and presentation of the 4  Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results   Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results   May valuation analysis mean  The analysis should discuss be some or to interpret the future EVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  Marginally passing development and presentation of the 5  Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results   Present the results of interpretation of used in the MVA the MVA analysis and explain what the results   May valuation analysis they mean  The analysis should be some or to interpret the discuss future MVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  6  Writing, Grammar, Spelling,   Presentation   Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report  Avoidance of Personal Pronouns  Avoidance of Referring to Company as They, Their, or Them  etc  Appropriate use of reference citations  Paper is poorly written and presented  not worthy of a passing evaluation  May have failed to use appropriate subheadings for the assignment  Passing written presentation  may have major weaknesses  15  Individualized Comments About Research Paper Scoring Lookup Table A 95 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses  omissions, etc  Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  Distinctively written presentation with no obvious weaknesses  A  91 A  98 B 85 B  81 B  88 C 75 C  71 C  78 D 65 D  61 D  68 F 40 F  0 F  55 Input Grade Points Weight Score A  98 15 00  14 70 A  98 17 00  16 66 A  98 17 00  16 66 A  98 17 00  16 66 A  98 17 00  16 66 A  98 17 00  16 66 Total 100 00  Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF   MVA EVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D  C , C, C  B , B, B  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction  introduction  clearly above credit  average  Marginally passing development and 2  Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation   Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation  These would the DCF analysis   the DCF valuation include, but are not limited to, the May be some analysis  or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed  components, WACC, etc  overall description and related financial data  Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis  The variables used in analysis is the DCF valuation understandable analysis  and the cash flows seem to be relatively realistic  Passing effort to examine the 3  Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results   Explain the to examine and analysis  May be results of the DCF analysis  This explain the results some errors or should include an analysis of any of the analysis  or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed  explanation and price  interpretation of the results  Satisfactory effort to examine the results of the analysis  May be some minor errors or inconsistencies  Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis  Marginally passing development and presentation of the 4  Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results   Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results   May valuation analysis mean  The analysis should discuss be some or to interpret the future EVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Marginally passing development and presentation of the 5  Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results   Present the results of interpretation of used in the MVA the MVA analysis and explain what the results   May valuation analysis they mean  The analysis should be some or to interpret the discuss future MVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  6  Writing, Grammar, Spelling,   Presentation   Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report  Avoidance of Personal Pronouns  Avoidance of Referring to Company as They, Their, or Them  etc  Appropriate use of reference citations  Paper is poorly written and presented  not worthy of a passing evaluation  May have failed to use appropriate subheadings for the assignment  Passing written presentation  may have major weaknesses  15  Individualized Comments About Research Paper Scoring Lookup Table A 95 A  91 A  98 B 85 B  81 B  88 C 75 C  71 C  78 D 65 D  61 D  68 F 40 F  0 F  55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses  omissions, etc  A EVA ANALYSIS Work of Distinction A , A, A  Input Grade Points Weight Score Distinctive and very thorough presentation of this first section  A  98 15 00  14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis  The analysis is careful, comprehensive, detailed, and consistent  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctively written presentation with no obvious weaknesses  A  98 17 00  16 66 Total 100 00  Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF   MVA EVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D  C , C, C  B , B, B  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction  introduction  clearly above credit  average  Marginally passing development and 2  Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation   Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation  These would the DCF analysis   the DCF valuation include, but are not limited to, the May be some analysis  or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed  components, WACC, etc  overall description and related financial data  Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis  The variables used in analysis is the DCF valuation understandable analysis  and the cash flows seem to be relatively realistic  Passing effort to examine the 3  Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results   Explain the to examine and analysis  May be results of the DCF analysis  This explain the results some errors or should include an analysis of any of the analysis  or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed  explanation and price  interpretation of the results  Satisfactory effort to examine the results of the analysis  May be some minor errors or inconsistencies  Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis  Marginally passing development and presentation of the 4  Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results   Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results   May valuation analysis mean  The analysis should discuss be some or to interpret the future EVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Marginally passing development and presentation of the 5  Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results   Present the results of interpretation of used in the MVA the MVA analysis and explain what the results   May valuation analysis they mean  The analysis should be some or to interpret the discuss future MVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  6  Writing, Grammar, Spelling,   Presentation   Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report  Avoidance of Personal Pronouns  Avoidance of Referring to Company as They, Their, or Them  etc  Appropriate use of reference citations  Paper is poorly written and presented  not worthy of a passing evaluation  May have failed to use appropriate subheadings for the assignment  Passing written presentation  may have major weaknesses  15  Individualized Comments About Research Paper Scoring Lookup Table A 95 A  91 A  98 B 85 B  81 B  88 C 75 C  71 C  78 D 65 D  61 D  68 F 40 F  0 F  55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses  omissions, etc  A EVA ANALYSIS Work of Distinction A , A, A  Input Grade Points Weight Score Distinctive and very thorough presentation of this first section  A  98 15 00  14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis  The analysis is careful, comprehensive, detailed, and consistent  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctively written presentation with no obvious weaknesses  A  98 17 00  16 66 Total 100 00  Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF   MVA EVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D  C , C, C  B , B, B  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction  introduction  clearly above credit  average  Marginally passing development and 2  Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation   Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation  These would the DCF analysis   the DCF valuation include, but are not limited to, the May be some analysis  or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed  components, WACC, etc  overall description and related financial data  Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis  The variables used in analysis is the DCF valuation understandable analysis  and the cash flows seem to be relatively realistic  Passing effort to examine the 3  Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results   Explain the to examine and analysis  May be results of the DCF analysis  This explain the results some errors or should include an analysis of any of the analysis  or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed  explanation and price  interpretation of the results  Satisfactory effort to examine the results of the analysis  May be some minor errors or inconsistencies  Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis  Marginally passing development and presentation of the 4  Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results   Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results   May valuation analysis mean  The analysis should discuss be some or to interpret the future EVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Marginally passing development and presentation of the 5  Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results   Present the results of interpretation of used in the MVA the MVA analysis and explain what the results   May valuation analysis they mean  The analysis should be some or to interpret the discuss future MVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  6  Writing, Grammar, Spelling,   Presentation   Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report  Avoidance of Personal Pronouns  Avoidance of Referring to Company as They, Their, or Them  etc  Appropriate use of reference citations  Paper is poorly written and presented  not worthy of a passing evaluation  May have failed to use appropriate subheadings for the assignment  Passing written presentation  may have major weaknesses  15  Individualized Comments About Research Paper Scoring Lookup Table A 95 A  91 A  98 B 85 B  81 B  88 C 75 C  71 C  78 D 65 D  61 D  68 F 40 F  0 F  55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses  omissions, etc  A EVA ANALYSIS Work of Distinction A , A, A  Input Grade Points Weight Score Distinctive and very thorough presentation of this first section  A  98 15 00  14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis  The analysis is careful, comprehensive, detailed, and consistent  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctively written presentation with no obvious weaknesses  A  98 17 00  16 66 Total 100 00  Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF   MVA EVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D  C , C, C  B , B, B  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction  introduction  clearly above credit  average  Marginally passing development and 2  Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation   Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation  These would the DCF analysis   the DCF valuation include, but are not limited to, the May be some analysis  or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed  components, WACC, etc  overall description and related financial data  Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis  The variables used in analysis is the DCF valuation understandable analysis  and the cash flows seem to be relatively realistic  Passing effort to examine the 3  Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results   Explain the to examine and analysis  May be results of the DCF analysis  This explain the results some errors or should include an analysis of any of the analysis  or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed  explanation and price  interpretation of the results  Satisfactory effort to examine the results of the analysis  May be some minor errors or inconsistencies  Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis  Marginally passing development and presentation of the 4  Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results   Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results   May valuation analysis mean  The analysis should discuss be some or to interpret the future EVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Marginally passing development and presentation of the 5  Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results   Present the results of interpretation of used in the MVA the MVA analysis and explain what the results   May valuation analysis they mean  The analysis should be some or to interpret the discuss future MVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  6  Writing, Grammar, Spelling,   Presentation   Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report  Avoidance of Personal Pronouns  Avoidance of Referring to Company as They, Their, or Them  etc  Appropriate use of reference citations  Paper is poorly written and presented  not worthy of a passing evaluation  May have failed to use appropriate subheadings for the assignment  Passing written presentation  may have major weaknesses  15  Individualized Comments About Research Paper Scoring Lookup Table A 95 A  91 A  98 B 85 B  81 B  88 C 75 C  71 C  78 D 65 D  61 D  68 F 40 F  0 F  55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses  omissions, etc  A EVA ANALYSIS Work of Distinction A , A, A  Input Grade Points Weight Score Distinctive and very thorough presentation of this first section  A  98 15 00  14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis  The analysis is careful, comprehensive, detailed, and consistent  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctively written presentation with no obvious weaknesses  A  98 17 00  16 66 Total 100 00  Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF   MVA EVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Related Grade F D , D, D  C , C, C  B , B, B  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction  introduction  clearly above credit  average  Marginally passing development and 2  Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation   Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation  These would the DCF analysis   the DCF valuation include, but are not limited to, the May be some analysis  or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed  components, WACC, etc  overall description and related financial data  Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis  The variables used in analysis is the DCF valuation understandable analysis  and the cash flows seem to be relatively realistic  Passing effort to examine the 3  Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results   Explain the to examine and analysis  May be results of the DCF analysis  This explain the results some errors or should include an analysis of any of the analysis  or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed  explanation and price  interpretation of the results  Satisfactory effort to examine the results of the analysis  May be some minor errors or inconsistencies  Superior and reasonably comprehensive effort to explain and interpret the results of the valuation analysis  Marginally passing development and presentation of the 4  Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results   Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results   May valuation analysis mean  The analysis should discuss be some or to interpret the future EVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Marginally passing development and presentation of the 5  Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results   Present the results of interpretation of used in the MVA the MVA analysis and explain what the results   May valuation analysis they mean  The analysis should be some or to interpret the discuss future MVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  6  Writing, Grammar, Spelling,   Presentation   Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report  Avoidance of Personal Pronouns  Avoidance of Referring to Company as They, Their, or Them  etc  Appropriate use of reference citations  Paper is poorly written and presented  not worthy of a passing evaluation  May have failed to use appropriate subheadings for the assignment  Passing written presentation  may have major weaknesses  15  Individualized Comments About Research Paper Scoring Lookup Table A 95 A  91 A  98 B 85 B  81 B  88 C 75 C  71 C  78 D 65 D  61 D  68 F 40 F  0 F  55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses  omissions, etc  A EVA ANALYSIS Work of Distinction A , A, A  Input Grade Points Weight Score Distinctive and very thorough presentation of this first section  A  98 15 00  14 70 Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive and comprehensive effort to explain and interpret the results of the valuation analysis  The analysis is careful, comprehensive, detailed, and consistent  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  A  98 17 00  16 66 Distinctively written presentation with no obvious weaknesses  A  98 17 00  16 66 Total 100 00  Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF   MVA EVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Work of Distinction Related Grade F D , D, D  C , C, C  B , B, B  A , A, A  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction  introduction  clearly above credit  average  Distinctive and very thorough presentation of this first section  Marginally passing development and 2  Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation   Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation  These would the DCF analysis   the DCF valuation include, but are not limited to, the May be some analysis  or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed  components, WACC, etc  overall description and related financial data  Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis  The variables used in analysis is the DCF valuation understandable analysis  and the cash flows seem to be relatively realistic  Passing effort to examine the 3  Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results   Explain the to examine and analysis  May be results of the DCF analysis  This explain the results some errors or should include an analysis of any of the analysis  or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed  explanation and price  interpretation of the results  Distinctive and comprehensive Superior and effort to explain Satisfactory effort reasonably and interpret the to examine the comprehensive results of the results of the effort to explain valuation analysis  analysis  May be and interpret the The analysis is some minor errors results of the careful, or inconsistencies  valuation analysis  comprehensive, detailed, and consistent  Marginally passing development and presentation of the 4  Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results   Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results   May valuation analysis mean  The analysis should discuss be some or to interpret the future EVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  Marginally passing development and presentation of the 5  Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results   Present the results of interpretation of used in the MVA the MVA analysis and explain what the results   May valuation analysis they mean  The analysis should be some or to interpret the discuss future MVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  6  Writing, Grammar, Spelling,   Presentation   Logical and Smooth Flowing Transitions and Relationships Among Sections of the Written Report  Avoidance of Personal Pronouns  Avoidance of Referring to Company as They, Their, or Them  etc  Appropriate use of reference citations  Paper is poorly written and presented  not worthy of a passing evaluation  May have failed to use appropriate subheadings for the assignment  Passing written presentation  may have major weaknesses  15  Individualized Comments About Research Paper Scoring Lookup Table A 95 A  91 A  98 B 85 B  81 B  88 C 75 C  71 C  78 D 65 D  61 D  68 F 40 F  0 F  55 Satisfactory development and presentation of the data used in the MVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Superior written Satisfactorily presentation with written very limited minor presentation with weaknesses, some weaknesses  omissions, etc  Distinctive development and presentation of the description of the data used in the MVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  Distinctively written presentation with no obvious weaknesses  Input Grade Points Weight Score A  98 15 00  14 70 A  98 17 00  16 66 A  98 17 00  16 66 A  98 17 00  16 66 A  98 17 00  16 66 A  98 17 00  16 66 Total 100 00  Grade on Paper 98 0000 Points 12 25 GRADING RUBRIC FOR DCF   MVA EVA ANALYSIS Student  Description of Evaluation Failing, undeserving of credit Passing, but below standard Satisfactory, meets Superior Work and essential clearly above requirements average Work of Distinction Related Grade F D , D, D  C , C, C  B , B, B  A , A, A  Category Required Topics 1  Introduction   Provide a brief overview of the assignment and include a preview of the contents of the report  Superior Introduction is not Only a superficial Satisfactory presentation of the presented or effort to develop presentation of the introduction and undeserving of the introduction  introduction  clearly above credit  average  Distinctive and very thorough presentation of this first section  Marginally passing development and 2  Explanation of the Variables Used presentation of the Virtually no effort in the DCF Valuation   Explain and description of the to explain the justify all of the variables used in the variables used in variables used in DCF valuation  These would the DCF analysis   the DCF valuation include, but are not limited to, the May be some analysis  or, growth rates, capitalization significant section not structure, cost of capital weaknesses in the completed  components, WACC, etc  overall description and related financial data  Superior development and presentation of the Satisfactory description of the development and variables used in presentation of the the DCF valuation description of the analysis  The variables used in analysis is the DCF valuation understandable analysis  and the cash flows seem to be relatively realistic  Passing effort to examine the 3  Explanation and Interpretation of Virtually no effort results of the DCF Valuation Results   Explain the to examine and analysis  May be results of the DCF analysis  This explain the results some errors or should include an analysis of any of the analysis  or, inconsistencies difference between the results of the section not with the DCF analysis and the current stock completed  explanation and price  interpretation of the results  Distinctive and comprehensive Superior and effort to explain Satisfactory effort reasonably and interpret the to examine the comprehensive results of the results of the effort to explain valuation analysis  analysis  May be and interpret the The analysis is some minor errors results of the careful, or inconsistencies  valuation analysis  comprehensive, detailed, and consistent  Marginally passing development and presentation of the 4  Explanation of the Data Used for data used in the Virtually no effort the EVA and Interpretation of EVA analysis and to explain the data Results   Present the results of the interpretation of used in the EVA EVA analysis and explain what they the results   May valuation analysis mean  The analysis should discuss be some or to interpret the future EVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and results  Satisfactory development and presentation of the data used in the EVA analysis and interpretation of the results  May be some weaknesses in the description of the data and interpretation of the results  Superior development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The analysis is understandable and the results seem to be relatively realistic  Distinctive development and presentation of the description of the variables used in the DCF analysis  The assumptions and the cash flows are clear, realistic, and understandable  Distinctive development and presentation of the description of the data used in the EVA analysis and interpretation of the results  The assumptions and results are clear, realistic, and understandable  Marginally passing development and presentation of the 5  Explanation of the Data Used for data used in the Virtually no effort the MVA Analysis and Interpretation MVA analysis and to explain the data of Results   Present the results of interpretation of used in the MVA the MVA analysis and explain what the results   May valuation analysis they mean  The analysis should be some or to interpret the discuss future MVA results and what significant results  or, section variables can affect those results weaknesses in the not completed  either positively or negatively  overall description and interpretation of the financial data and

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DCF Company Valuation - Prepar a DCF Valuation ofApple, INCusing the eVal model and the projections. Compare the intrinsic value of the company's stock (valuation)

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