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Old Carriage Motor Co. manufactures cars and is loaded with $900 million debt at market value. The company generates $120 million in free cash flow
Old Carriage Motor Co. manufactures cars and is loaded with $900 million debt at market value. The company generates $120 million in free cash flow per year. Its weighted cost of capital is 12%. What is your estimated value for the equity of the firm?
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To estimate the value of the equity of Old Carriage Motor Co we can use the free cash flow to equity ...
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
