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please help! show work! D Student instructions Use the forecasting variables to complete the discounted free cash flow forecast and valuation shown below. Enter formules

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D Student instructions Use the forecasting variables to complete the discounted free cash flow forecast and valuation shown below. Enter formules in the blanks where indicated to complete the calculations needed. These incremental cash flows would require an initial 59,000,000 equipment investment Terminal Cash flow would be an inflow of $1,000,000 (don't forget to add this in the end AFTER TAXES). Discount rate is highest Marginal Cost of Capital from the previous tab, but reinvestment rate is 12%. Find NPV, IRR, MIRR, and Discounted Payback. The Discounted Free Cash Flow Model for Total Equity Barking Dog Corporation Initial Capital Invesment 9,000,000 Salvage (Terminal) value at the end of 2025 1,000,000 Income tax rate 30% Assured long-term sustainable growth rate 5% Capital Gains Tax Rate 20% Discount rate Use the most expensive WACC Reinvestment rate 12% Forecasting Variables: Sales units growth factor Price growth Factor Expected Cost of Goods Sold (COGS) of Revenues S.G, & A expense of revenues 2022 5% 7 60% 10% 2023 10% 7% 50% 10% 2024 15% 7% 45% 10% 2025 20% 7% 40% 10% Expected Cost of Goods Sold (COGS) of Revenues SG, & A expense of revenues Depr. & Amort. of Gross Capital Investment 40% 60% 50% 45% 10% 10% 10% MACRS 3 Year Depreciation (spread over 4 years 33.33% 44,45% 14.81% 10% Actual Problem: 741% Initial Capital Invesment Salvage (Terminal) value at the end of 2025 Increase in inventory and AR (for ANOWC) Increase in accruals and AP (for A NOWC) Income tax rate Assumed long-term sustainable growth rate Discount rate 9,000,000 1,000,000 1,500,000 1,000,000 30% 6% Use the most expensive WACC from previous tab Discounted Free Cash Flow Model Barking Dog Corporation Operating Cash Flow Actual Base Yr 2021 Years Ending December 31 -Forecast 2022 2023 2024 2025 Total unit sales 1,000,000 Discounted Free Cash Flow Model Barking Dog Corporation 11 50 39 Operating Cash Flow Actual Base Y. 2021 Years Ending December 31 Forecast 2022 2023 2024 2025 41 Total unit sales Price Total Revenues 1.000.000 S6 $6.000.000 Cost of Goods Sold Gross profit Selling general and administrative expenses 10% Revenues Earnings before interest, taxes, depr. & amort. (EBITDA) Depreciation and amortization usine MACRS Earnings before Interest and taxes (EBIT) No Interest payments now Federal and State Income Taxes (30%) Earnings before Interest and taxes (EBIT) No Interest payments now Federal and State Income Taxes (30%) Net Operating Profit After-Tax (NOPATEBIT Tax) Add Back Depreciation (EBIT - Tax). Depreciation (Free Cash flows for the years) At termination of the project: 1.000.000,00 Sale of Fixed Asset, 2025 Capital Gain/Loss Tax Liability (Capital gains tax of 20%) FCF from termination of project Recover A NOWC Annual Free Cash Flow from above Discount rate from WACC sheet NPV IRR MIRR At Reinvestment Rate of 12% Discounted Payback FCF from termination of project Recover A NOWC Annual Free Cash Flow from above 2 Discount rate from WACC sheet NPV IRR MIRR At Reinvestment Rate of 12% Discounted Payback 1 Present Value of Free Cash Flows + ANOWC WACC Net Cumulative Discounted Free Cash Flow Discounted Payback D Student instructions Use the forecasting variables to complete the discounted free cash flow forecast and valuation shown below. Enter formules in the blanks where indicated to complete the calculations needed. These incremental cash flows would require an initial 59,000,000 equipment investment Terminal Cash flow would be an inflow of $1,000,000 (don't forget to add this in the end AFTER TAXES). Discount rate is highest Marginal Cost of Capital from the previous tab, but reinvestment rate is 12%. Find NPV, IRR, MIRR, and Discounted Payback. The Discounted Free Cash Flow Model for Total Equity Barking Dog Corporation Initial Capital Invesment 9,000,000 Salvage (Terminal) value at the end of 2025 1,000,000 Income tax rate 30% Assured long-term sustainable growth rate 5% Capital Gains Tax Rate 20% Discount rate Use the most expensive WACC Reinvestment rate 12% Forecasting Variables: Sales units growth factor Price growth Factor Expected Cost of Goods Sold (COGS) of Revenues S.G, & A expense of revenues 2022 5% 7 60% 10% 2023 10% 7% 50% 10% 2024 15% 7% 45% 10% 2025 20% 7% 40% 10% Expected Cost of Goods Sold (COGS) of Revenues SG, & A expense of revenues Depr. & Amort. of Gross Capital Investment 40% 60% 50% 45% 10% 10% 10% MACRS 3 Year Depreciation (spread over 4 years 33.33% 44,45% 14.81% 10% Actual Problem: 741% Initial Capital Invesment Salvage (Terminal) value at the end of 2025 Increase in inventory and AR (for ANOWC) Increase in accruals and AP (for A NOWC) Income tax rate Assumed long-term sustainable growth rate Discount rate 9,000,000 1,000,000 1,500,000 1,000,000 30% 6% Use the most expensive WACC from previous tab Discounted Free Cash Flow Model Barking Dog Corporation Operating Cash Flow Actual Base Yr 2021 Years Ending December 31 -Forecast 2022 2023 2024 2025 Total unit sales 1,000,000 Discounted Free Cash Flow Model Barking Dog Corporation 11 50 39 Operating Cash Flow Actual Base Y. 2021 Years Ending December 31 Forecast 2022 2023 2024 2025 41 Total unit sales Price Total Revenues 1.000.000 S6 $6.000.000 Cost of Goods Sold Gross profit Selling general and administrative expenses 10% Revenues Earnings before interest, taxes, depr. & amort. (EBITDA) Depreciation and amortization usine MACRS Earnings before Interest and taxes (EBIT) No Interest payments now Federal and State Income Taxes (30%) Earnings before Interest and taxes (EBIT) No Interest payments now Federal and State Income Taxes (30%) Net Operating Profit After-Tax (NOPATEBIT Tax) Add Back Depreciation (EBIT - Tax). Depreciation (Free Cash flows for the years) At termination of the project: 1.000.000,00 Sale of Fixed Asset, 2025 Capital Gain/Loss Tax Liability (Capital gains tax of 20%) FCF from termination of project Recover A NOWC Annual Free Cash Flow from above Discount rate from WACC sheet NPV IRR MIRR At Reinvestment Rate of 12% Discounted Payback FCF from termination of project Recover A NOWC Annual Free Cash Flow from above 2 Discount rate from WACC sheet NPV IRR MIRR At Reinvestment Rate of 12% Discounted Payback 1 Present Value of Free Cash Flows + ANOWC WACC Net Cumulative Discounted Free Cash Flow Discounted Payback

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