Use the sheet to answer the following questions.

Q1) Schwab is the company that we will be valuing. What is the average revenue growth rate for 2017 and 2018? Place answer below. Place 2 decimals in the box below and DO NOT PUT % sign.

Q2) Schwab: What is the 2018 Depreciation Margin %? (2 decimals and NO % sign)

2018 1 2 3 4 5 Calculate the intrensic value of Schwab. Make sure you Forcast the Free Cash Flow to 5 years 49.98% 34.00% Sales growth% -Use the average of 2017 and 2018 growth rate EBIT Margin % Tax % EBIT(1-T) Depreciation Margin % -Use 2018 margin CAPX Margin % -Use 2018 margin NWC Margin % -Use 2018 margin 1,196.00 11.80% tax 34.00% fcff shares 1280 PV of FCFF Total PV of FCFF beta stock price A2 rf ERP Long Term growth rate 1.32 40.867207 1.50% 1.50% 5.96% 3% PV of TV of FCFF EV -debt +cash Equity debt equity 0 00 00 rd capm intrinsic value current value 40.867207 WACC recommendation Q1 10 points Save Answer Open up Excel worksheet for Schwab Quiz 4 B Schwab is the company that we will be valuing. What is the average revenue growth rate for 2017 and 2018 Place answer below. Place 2 decimals in the box below and DO NOT PUT % sign. Q2 10 points Save Answer Schwab What is the 2018 Depreciation margin % 2 decimals and NO % sign 2018 1 2 3 4 5 Calculate the intrensic value of Schwab. Make sure you Forcast the Free Cash Flow to 5 years 49.98% 34.00% Sales growth% -Use the average of 2017 and 2018 growth rate EBIT Margin % Tax % EBIT(1-T) Depreciation Margin % -Use 2018 margin CAPX Margin % -Use 2018 margin NWC Margin % -Use 2018 margin 1,196.00 11.80% tax 34.00% fcff shares 1280 PV of FCFF Total PV of FCFF beta stock price A2 rf ERP Long Term growth rate 1.32 40.867207 1.50% 1.50% 5.96% 3% PV of TV of FCFF EV -debt +cash Equity debt equity 0 00 00 rd capm intrinsic value current value 40.867207 WACC recommendation Q1 10 points Save Answer Open up Excel worksheet for Schwab Quiz 4 B Schwab is the company that we will be valuing. What is the average revenue growth rate for 2017 and 2018 Place answer below. Place 2 decimals in the box below and DO NOT PUT % sign. Q2 10 points Save Answer Schwab What is the 2018 Depreciation margin % 2 decimals and NO % sign