For Company PSK ,the projected cash flow components (in $mil) for the next five years are as stated. WACC is 6% and the growth rate is projected to be 5% for free cash flows during the horizon period after 2022.Using mid-year convention method:

1) If EBITDA exit multiple in 2022 is 18.5x, what is the PV of terminal value of PSK company based on EBITDA exit multiple?

2)What is PV of terminal value based on perpetual growth approach?

D E F G I - J 2018 2019 2020 2021 2022 EBIT 4.3 4.1 4.8 5.11 4.3 1.1 1 1.5 1.6 1.9 1.29 1.23 1.44 1.53 1.19 Depreciation Tax Net Capital Spend Change in NWC 0.8 0.9 1.2 1.16 2.2 0.25 0.45 0.35 0.55 1.05