Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Year
EBITDA
1994
1995
1996
1997
1998
660.6
737
790.8
848.4
910.1
Given Data
Depreciation
162
172
184
196
209
CapEx
W/Capital
Investment
Asset
Sales
Reestimated
EBITDA
Terminal
Value
160.1
177.3
176.7
202.9
216.6
45.6
62.1
66.5
71.2
76.2
0
900
0
0
0
660.6
737
751.26
805.98
864.595
12741.4
Terminal
Value
PV Factor
at 10 %
PV
205.6
1115.1
244.2
248.1
266.75
12741.4
0.9090909091
0.826446281
0.7513148009
0.6830134554
0.6209213231
186.9090909091
921.5702479339
183.4710743802
169.4556382761
8077.037708552
Total
Firm
Value
9538.4437600512
Calculations
Year
Tc
(1-Tc)x
EBITDA
1994
1995
1996
1997
1998
0.5
330.3
368.5
395.4
424.2
455.05