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HCB's financial information for the most recent year (Year 0) is shown below. Use this information to answer the following 7 questions (values in
HCB's financial information for the most recent year (Year 0) is shown below. Use this information to answer the following 7 questions (values in $millions). Sales Costs Depreciation 1,000.0 600.0 100.0 WACC 8.0% SU 9.0% Tax rate 25.0% EBIT 300.0 Projected FCF year 1 151.0 Interest exp. 30.0 Projected int. exp year 1 85.0 Pre-tax income 270.0 Long-term g 6% Shares outstanding Taxes (25%) 68.0 (millions) 100.0 Net income 202.0 Dividends 61.0 Inventory Acct rec 150.0 Acct payable 80.0 110.0 S-T Debt 352.0 S-T invest. 800.0 L-T debt 1,056.0 Net PPE 700.0 Tot liabs 1,488.0 Total assets 1,760.0 Shareholders equity 272.0 Tot liabs and SE 1,760.0
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