USD mn	2011	2012
NI	10	15
Accumulated Depreciation	50	55
Interest expense	(6)	(8)
Tax	30%	30%
Dividend	5%	10%
Current Assets	10	12
Current Liabilities	5	7
Gross Block	55	78
Debt drawdown	15	25
Debt repayment	(6)	(8)
Equity balance in balance sheet	15	25

1.) What is FCFF for the Company in 2012?

2.) What is FCFE for the Company in 2012?

3.) The Free Cash balance for 2011 is USD 60m. The Debt balance for 2011 is 100m. What is the Net Debt of the Company in 2012?

4.) The Equity value of the Company is USD 15m. Based on the answer from Q 13, please calculate the EV of the Company in 2012?

5.) The Cash balance of the Company in 2013 is 100m. Debt balance in 2013 is USD 70m. The Company is listed and is trading at price per share of USD 2/ share. Outstanding share of the Company is 100m number of shares. Free cash of the Company is USD 10m. Please calculate the EV of the Company?

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