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You are valuing a company that had sales of 70000 in 20X1 and the expected year-on-year growth rate of sales for years 20X2 and 20X3
You are valuing a company that had sales of 70000 in 20X1 and the expected year-on-year growth rate of sales for years 20X2 and 20X3 are 3% and 4%, respectively. For both years 20X2 and 20X3 you expect EBIT margin (as a percentage of sales) to be 12%. The corporate tax rate is 20%. You have the additional assumptions: The expected Free Cash Flow to the firm in years 20X2 and 20X3 are
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