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FCFE l The following data (in millions) is for the year ended 12/31/10. It is used to calculate the Free Cash Flow to Equity (FCFE)

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FCFE l The following data (in millions) is for the year ended 12/31/10. It is used to calculate the Free Cash Flow to Equity (FCFE) Value for Salami/Bologna Inc. NI was $40.00, depreciation S19.20, CapEx for the year was $33.00, and the change in Working Capital is s5.78. Principal repayment on debt was $3.00 while new debt issues were $2.00. Existing debt issues are $10.00 and existing equity issues are $4.00 Also: Growth rates are 10% for 2011; 2012, and 2013 Growth rate is 8% from 2014 onward Cost of Equity is 12% a) Determine the Free Cash Flows available to Equity Holders for 2010. b) Determine the FCFE's for each period thru Salami/Bologna Inc's steady state time frame c) Determine the Horizon Value for Salami/Bologna Inc. and reflect what year it occurs d) Determine the value as of 12/31/ 10 based on all the relevant FCFE'S the amount of $200,000 done at a ht undertaken by the tax $1.00 million operating cash flow per year

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