TV 23645.

8333333333

1 2 3 4
Free Cash Flow 1034 1045 1056 1075
PV 981.4082924255 941.4010089 902.9245713 872.4191745
26317.926555037
enterprise value
COC Cost of Capital
Rf+B(Rm -Rf)

Rf= 0.98 5 YEAR TREASURY RATE

B 0.89 RISK
Rm 5.9 MARKET RETURN (S&P 500 RETURN)

4.92
4.3788
COC 5.3588 %
 TV=FCF/(r-g)

5 TV
1345 28020.83333
1036.0201606674 21583.75335

YEAR TREASURY RATE

ARKET RETURN (S&P 500 RETURN)

FV = PV(1+R)^N
PV=FV/(1+COC)^N