Forecasted Steady

Revenues 30000 Beta 1.15 1

Operating Margin 3.34% Rf 6% 6%
EBIT 1002 Risk Prem. 7% 7%
Tax Rate 25% Kd Post Tax 5.50% 4%
EBIT(1-T) 751.5 Wd 10% 10%
CAPEX 250 We 90% 90%
Change in NWC 50 Ke 14.0500% 13.0000%
Reinvestment 300 Ko 13.19500% 12.10000%
Reinvestment Rate 39.92%
Growth Rate 6%
Growth Rate(Min) 5.27%
Steady State Growth 3%

Year 1 2 3 4 5
EBIT(1-T) 796.59 844.3854 895.048524 948.7514354 1005.676522
Reinv. 318.00 337.08 357.3048 378.743088 401.4676733
FCFF 478.59 507.31 537.74 570.01 604.21
Discounting Factor 0.883431247 0.780450768 0.689474595 0.609103401 0.538100977
PV of FCFF 422.8013605 395.9268891 370.7606365 347.1940233 325.1253719

EV 5541.798754
Debt 1541
Equity 4000.798754
 6 Terminal Value
1035.846817
413.5117035
622.34
6838.85
3679.990473