TAX 35.00% 207.280 1.34 150.02 SHARES BETA STOCK PRICE syntatic rating default risk RF rate ERP Long Term growth rate BBB 2.00% 1.50% 5.96% 0.50% DEBT EQUITY 8,221 RD - Cost of Debt CAPM - Cost of equity 3.500000% 9.49% WACC 2015 5.990 2016 7.684 2017 7.824 2018 7,933 2010 7.982 467 20 008 34 1,138 304 Sales T a year average grow' EBIT Last 5 years average Margin 11 EBIT(1-1) 12 Depreciation 13 Last years average Man 14 CAPX 16 Last 5 years average Margin 16 NWC 17 Last 4 years average Margn 537 1.069 712 525 1.394 740 22 2020 1,076 -3642 -6302 493 430 -523 0 218 -49 77 -178 FCFF DO 21 PV of FCFF 32 23 Total PV of FCFF IO III JIMI 10 points 20 points 10 points as PV of TV of FCFF 30 27 IV debt ch 30 Equity 31 valu 33 current 4 commendation 150.02 brysthold 20 points TAX 35.00% 207.280 1.34 150.02 SHARES BETA STOCK PRICE syntatic rating default risk RF rate ERP Long Term growth rate BBB 2.00% 1.50% 5.96% 0.50% DEBT EQUITY 8,221 RD - Cost of Debt CAPM - Cost of equity 3.500000% 9.49% WACC 2015 5.990 2016 7.684 2017 7.824 2018 7,933 2010 7.982 467 20 008 34 1,138 304 Sales T a year average grow' EBIT Last 5 years average Margin 11 EBIT(1-1) 12 Depreciation 13 Last years average Man 14 CAPX 16 Last 5 years average Margin 16 NWC 17 Last 4 years average Margn 537 1.069 712 525 1.394 740 22 2020 1,076 -3642 -6302 493 430 -523 0 218 -49 77 -178 FCFF DO 21 PV of FCFF 32 23 Total PV of FCFF IO III JIMI 10 points 20 points 10 points as PV of TV of FCFF 30 27 IV debt ch 30 Equity 31 valu 33 current 4 commendation 150.02 brysthold 20 points