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Given the following information, please value Disney Disney current year's EBIT: 1 0 , 0 3 2 million Effective tax rate: 3 1 % Change
Given the following information, please value Disney
Disney current year's EBIT: million
Effective tax rate:
Change of working capital: million
Capital Expenditures including acquisitions$ million
Depreciation & Amortization $ million
Beta:
Market risk premium:
Risk free rate:
Credit rating: AA
Credit default spread:
Book value of Debt: million
Market value of equity: million
In the first years, Disney is expected to have a high growth stage, with return on capital of and reinvestment rate of Starting from year Disney will become a mature firm with a stable growth rate of The return on capital will decline to
What is the firm value based on Free Cash Flow Model?
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