no extra information for this exercise

2. ABC and XYZ are publicly traded companies, and ABC wus 75% of XYZ. Tax rate is 10% You have collected the following information for both companies. ABC: consolidated statements XYZ: stwo (includes 100% of XYZ wambers) statements NOPAT 22 million EA million Book value of Equity 200 million 20 million Book value of Debt 45 million 50 million Cash and cash equivalents 100 million E10 million 2% Expected growth of earnings per year in perpetuity 2% Relevant cost of capital 10% Shares outstanding 10% 20 million 2 million Estimate the value per share for XYZ and ABC. Hint 1: Back out investment in capex and NWC using the ROIC x reinvestment rate formula Ner CAPEX+ Change in NWC NOPAT NOPAT Total Book Capital