Professional Documents
Culture Documents
$ $
Sales 4,500,000.00 4,950,000.00
$ $
COGS and Expenses 3,616,000.00 3,960,000.00
$ $
Operating profit 884,000.00 990,000.00
$ $
Fixed capital 1,800,000.00 1,900,000.00
$ $
Working capital 1,500,000.00 1,650,000.00
$ $
Marketable Securities 500,000.00 393,000.00
$ $
Ext Debt & Obligations (@Book Value) 900,000.00 1,000,000.00
$ $
Ext Debt & Obligations (@Market Value) 1,000,000.00 1,200,000.00
$ $
Capital and Reserves (@Book Value) 2,900,000.00 2,940,000.00
$ $
Number of Shares issued 985,000.00 1,000,000.00
Year 1 Year 2
$ $
Sales in most recent period 4,950,000.00 5,445,000.00
Sales growth rate during planning period 10% 10%
Current sales rate 100% 100%
$ $
Current after tax cash flow 594,000.00 653,400.00
$ $
After tax cash flow in planning period 59,400.00 65,340.00
$ $
Fixed capital investment 110,000.00 121,000.00
$ $
Working capital investment 165,000.00 181,500.00
$ $
Free cash flow 378,400.00 416,240.00
Discount factor 0.925925926 0.85733882
$ $
Present value of cash flow 350,370.37 356,858.71
$ $
Continuing value 5,445,000.00 5,989,500.00
$ $
Present value of continuing value 5,041,666.67 5,135,030.86