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ONLY ANSWER #10, I HAVE INCLUDED #9 FOR REFERENCE. THANKS QUESTION 9 You are trying to value HEB. You estimate that their FCF in the

image text in transcribedimage text in transcribedONLY ANSWER #10, I HAVE INCLUDED #9 FOR REFERENCE. THANKS

QUESTION 9 You are trying to value HEB. You estimate that their FCF in the next few years will be $100 M (t=1), $85 M (t=2), $110 M (t=3), and $115 M (t=4). After year 4, you expect the FCF of HEB to grow at a 4.68% per year. If HEB's WACC is 15%, what is the enterprise value of HEB today? (Answer in millions: ex for $215,900,000 answer 215.9) QUESTION 10 You are unsure of the terminal growth rate estimate. Thus, you will also value HEB using an exit multiple to calculate the terminal value. In year 4, you project HEB's EBIT to be $93 M and you know that similar grocery stores have an EV/EBIT of 9.9. If the year 1 thru year 4 FCF remain unchanged, what is the enterprise value of HEB using the exit multiples? (Answer in millions: ex for $215,900,000 answer 215.9)

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