Professional Documents
Culture Documents
1000 1000
3500
1.3
1.2
1.1
1.2 Equity Beta Asset Beta*(1+(1-T)*(D/E)
2 machines
20000
Working Capital
Capex 2021 2022 Current Assets - Current Liabilities
20 30
2021 2022 2023 2024 2025
Matching principle 25% 25% 25% 25% 25%
5 5 5 5
7.5 7.5 7.5 7.5
5 12.5 12.5 12.5 7.5
Current Assets
WC = Current Assest - Current Liabilities
Current Liabilities
600 0 0 0 0 0
-600 0 0 0 0
sets - Current Liabilities