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How would I go about calculating intrinsic values for the bullish and bearish scenarios? EXHIBIT 45.8 I Financial Forecast Assumptions Note: The ratios are defined

How would I go about calculating intrinsic values for the bullish and bearish scenarios?

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EXHIBIT 45.8 I Financial Forecast Assumptions Note: The ratios are defined in the following manner: Revenue Growth is the annual percentage change in total revenue, Operating Margin is operating income divided by total revenue, Net Working Capital Turnover is total revenue divided by net working capital where net working capital is current assets less current liabilities, Fixed Asset Turnover is total revenue divided by net PP\&E and other assets. Data source: Case writer estimates. EXHIBIT 45.8 I Financial Forecast Assumptions Note: The ratios are defined in the following manner: Revenue Growth is the annual percentage change in total revenue, Operating Margin is operating income divided by total revenue, Net Working Capital Turnover is total revenue divided by net working capital where net working capital is current assets less current liabilities, Fixed Asset Turnover is total revenue divided by net PP\&E and other assets. Data source: Case writer estimates

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