Question
Milton forecasts annual free cash flow of 6.6 million euros. Its tax rate is 35%; its zero-debt cost of capital is 15%. Milton is in
Milton forecasts annual free cash flow of 6.6 million euros. Its tax rate is 35%; its zero-debt cost of capital is 15%. Milton is in debt to the tune of 20.2 million euros and wants to keep its debt level constant. What is Milton's value in the presence of indebtedness?
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Middle Market M And A Handbook For Advisors Investors And Business Owners
Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart
2nd Edition
1119828104, 978-1119828105
