Use the financial statements from Garnet Inc. in problem 1. The 2012 financials are actuals, while 2013

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Use the financial statements from Garnet Inc. in problem 1. The 2012 financials are actuals, while 2013 shows projected financials. Garnet's WACC is 10%, and the company's free cash flows are expected to grow at 4% after 2013.
a. What is the company's horizon value as of December 31, 2013?
b. What is the company's value of operations as of December 31, 2012?
c. What is the total value of Garnet as of December 31, 2012? d.If Garnet has 18 million shares outstanding, what is the share price for December 31, 2012? Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Management Theory and Practice

ISBN: 978-0176517304

2nd Canadian edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

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