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Fultz Enterprises and Houghlin Inc both have the same Enterprise value, EBITDA, and the same EBITDA growth expectations. Fultz is more capital intensive than Houghlin,
Fultz Enterprises and Houghlin Inc both have the same Enterprise value, EBITDA, and the same EBITDA growth expectations. Fultz is more capital intensive than Houghlin, requiring more reinvestment to achieve the forecast growth rate. They are otherwise identical.
Based on this information, which of the following statements is correct?
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
