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ReMATE Incorporate expects free cash flow earnings of $8 million next year. Since the firm is mature, it only expects growth of 2% per year.

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ReMATE Incorporate expects free cash flow earnings of $8 million next year. Since the firm is mature, it only expects growth of 2% per year. The firm's copy of capital is estimated at 10%. If the firm has $3 million in excess cash and $10 million in debt, what is the enterprise value of the firm? Assume the firm has 10 million shares outstanding. QUESTION 2 An asset was originally bought for $70, The IRS stated that the asset was to be depreciated over a period of 5 years. That was 2 years ago and now the asset is being sold. What is the book value of the asset today? QUESTION 3 Find the IRR for the following project. Year CF 0 -60 30 N. 14 10 14 14

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