You have projected the free cash flow of a company for the next three years. Calculate the enterprise value of the company knowing that: The appropriate WACC is 12%. The company has debt for $12,000 and cash for $1000 The company has 3000 shares outstanding (fully diluted) The Net working capital of the company is 150$ at the end of year T and is projected to be 200 at the end of year T+1, 100 at the end of T+2 and 170 at the end of T+3 The terminal value is based on a perpetuity growth rate of 2% Use the middle of the year convention

Sales Cost of Goods Sold Gross Profit Selling, General & Administrative EBITDA Depreciation & Amortization EBIT Taxes EBIAT Plus: Depreciation & Amortization Less: Capital Expenditures Less: Inc./(Dec.) in Net Working Capital Unlevered Free Cash Flow Projection Period T+1 T+2 T+3 $1,599.5 $1,699.8 $1,807.2 298.6 317.3 337.3 $1,300.9 $1,382.5 $1,469.8 31.9 33.9 36.1 $1,269.0 $1,348.6 $1,433.8 418.7 444.9 473.0 $850.3 $903.7 $960.7 27.4 29.1 30.9 $822.9 $874.5 $929.8 418.7 444.9 473.0 (400.4) (350.4) (351.6)