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Test Case Pty Ltd is expecting to generate OFCF in year 1 of $5m. It has a WACC of 10%, and a current Invested Capital

Test Case Pty Ltd is expecting to generate OFCF in year 1 of $5m. It has a WACC of 10%, and a current Invested Capital of $20m. With this information, calculate the Enterprise Value of Test Case under the following scenarios:

[1] Five year level annuity; [2] Five year level annuity, with a Terminal Value at year 5 of 50m; [3] Five year growing annuity, where g = 3% pa; [4] Five year growing annuity, where g = 3% pa, and Terminal Value at year 5 of 82.8m; [5] Level perpetuity; [6] Grows in perpetuity, where g = 3% pa;

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