Investment Management DCF Assignment 1. Given the information, below, for the company HyStakes, compute the DCF Valuation 2025 2022 1 2023 2 2024 3 2026 5 4 EBIT Tax Rate Tax Adjusted EBIT DA CAPEX DeltaNWC 170 0.35 110.5 30 -18 -3 185 0.35 120.25 20 -21 200 0.35 130 20 -22 2 210 0.35 136.5 21 -25 223 0.35 144.95 25 -28 1 2 -4 Unlevered FCF 119.5 120.25 130 134.5 137.95 d= g= Debt = Cash = Shares on the Stock Exchange Exercisable options Warrants 0.22 0.06 200 18 201 12 5 2. Create a scenario analysis with the growth rates at 4%, 6% and 8% 3. Create a scenario analysis where the EBIT remains as above, grows by 5% and shrinks by 5%