Multiple Choice Questions:

EPS
Jollibee Foods Corporation 2.07
Max's Group Inc 0.23
Shakey's Pizza Asia Ventures 2.33
Average 1.55

JFC MG Inc SPAV

BV/share 36.54 4.49 3.17
Fair ratio 1.55 1.55 3.16
Relative value 56.47 6.94 10.02
Price 205.00 6.29 7.81
Undervalued - 148.53 0.65 2.21

Combined Annual Earnings 500,000.00 200,000.00 800,000.00

Less: Cost of Capital
Invested Capital 2,000,000.00 700,000.00 2,500,000.00
Multiplied by: WACC 0.20000000000 20% 20%
Economic value added 100,000.00 60,000.00 300,000.00
Pv Value 2.59 3.42 4.44
258,873.46 204,930.39 1,331,765.02

463,803.84

Total Asset
Liabilities
Working Capital -

40% equity debt

35,000,000 .40(X) 25,000,000.00

5,100,000.00
1.40 (X) 19,900,000.00
25,000,000.00
 Cost in percentage
Equity 5,000,000.00 0.67
Non-current Liability 2,500,000.00

1,500,000.00 1,350,000.00 150,000.00

1,500,000.00 1,350,000.00 150,000.00
1,500,000.00 1,350,000.00 150,000.00
1,500,000.00 1,350,000.00 150,000.00
1,500,000.00 1,350,000.00 150,000.00
2,000,000.00 1,350,000.00 650,000.00
2,000,000.00 1,350,000.00 650,000.00
2,000,000.00 1,350,000.00 650,000.00
2,000,000.00 1,350,000.00 650,000.00
2,000,000.00 1,350,000.00 650,000.00
0.84745762711 127,118.64
0.718184430 107,727.66
0.60863087266 91,294.63
0.51578887513 77,368.33
0.43710921621 65,566.38
0.37043153916 240,780.50
0.31392503318 204,051.27
0.22603816371 146,924.81
0.2254507094 146,542.96
0.19106446689 124,191.90
1,331,567.10
7,500,000.00
8,831,567.10