of the Interest Tax Shield?
- A What Is The Present Value Of The Interest Tax Shield 1 (185.99 KiB) Viewed 32 times
a.) What is the present value of the Interest Tax Shield?
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a.) What is the present value of the Interest Tax Shield?
a.) What is the present value
of the Interest Tax Shield?
2023 Integrated Financial Statement Template Exhibit B: Free Cash Flow and Valuation 2021 2022 Income Statement 1 Sales Revenue $ 52,360.00 $ 77,513.27 $ 2 less: Cost of Goods Sold $ 41,364.40 $ 61 235.48 $ 3 EBITDA $ 10,995.60 $ 16,277.79 $ 4 less: Depreciation Expense $ 5.759.60 $ 8.526.46 $ 5 EBIT $ 5,236.00 $ 7,751.33 $ 6 less: Interest and Other Expenses $ 650.00 $ 650.00 $ 7 PRE-TAX INCOME $ 4,586.00 $ 7,101.33 $ 8 less: Income Tax $ 1.605.10 $ 2.485.46 $ 9 NET INCOME $ 2,980.90 $ 4,615.86 $ 105,077.99 83,011.61 22,066.38 11.558.58 10,507.80 6,150.00 4,357.80 1.525.23 2,832.57 $ $ $ $ $ $ 8.901.20$ 9.424.80 $ 9.948.40 $ 28,274.40 $ 29,845.20 $ 58,119.60 $ 13.177.26 $ 13,952.39 $ 14.727.52 $ 41,857.16 $ 44,182.56 $ 86,039.73 $ 17.863.26 18.914.04 19,964 82 56,742.11 59.894.45 116,636.56 Balance Sheet 1 ASSETS 2 Cash and Equivalents 3 Accounts Receivable 4 Inventory 5 CURRENT ASSETS 6 Property, Plant and Equipment 7 TOTAL ASSETS 8 LIABILITIES AND EQUITY 9 Accounts Payable 10 CURRENT LIABILITIES 11 Long-Term Debt 12 TOTAL LIABILITIES 13 STOCKSHOLDER'S EQUITY 14 Retained Earnings 15 TOTAL EQUITY 16 TOTAL LIABILITIES AND EQUITY $ $ $ $ $ $ $ $ 12.042.80 $ 12.042.80 $ 6.500.00 $ 18.542.80 $ 39,576.80 $ $ $ 39,576.80 $ 58,119.60 $ 17,828.05 $ 17,828.05 $ 61,500.00 $ 79,328.05 $ 74,134.00 $ 3,692.69 $ 77,826.69 $ 157,154.74 $ 24,167.94 24.167.94 61,500.00 85,667.94 74,134.00 2.266 08 76,400.06 162,067.99 Net Working Capital Requirements 1 Current Assets 2 Current Liabilities 3 Net Working Capital 4 increase in Net Working Capital Capital Investment 1 Capital Investment 1 IS 2,500.00 57.500.00 $ 8,500.00 Integrated Financial Statement Template Exhibit B: Free Cash Flow and Valuation 2022 2021 2023 Free Cash Flow DOS 1 Net Income 2 Plus After-Tax Interes Expense 3 Unlevered Net Income 4 Plus: Depreciation 5 Less: Increases in NWC 6 Less: Capital Expenditures 7 Free Cash Flow of Firm Valuation of the Growth 1 Free Cash Flow of the Firm 2 PV of the Cash Flow 3 Continuation Value 4 PV of Continuation Value 5 net interest Expense 6 Interest Tax Shield 7 PV Interest Tax Shield 8 Firm Value
of the Interest Tax Shield?
2023 Integrated Financial Statement Template Exhibit B: Free Cash Flow and Valuation 2021 2022 Income Statement 1 Sales Revenue $ 52,360.00 $ 77,513.27 $ 2 less: Cost of Goods Sold $ 41,364.40 $ 61 235.48 $ 3 EBITDA $ 10,995.60 $ 16,277.79 $ 4 less: Depreciation Expense $ 5.759.60 $ 8.526.46 $ 5 EBIT $ 5,236.00 $ 7,751.33 $ 6 less: Interest and Other Expenses $ 650.00 $ 650.00 $ 7 PRE-TAX INCOME $ 4,586.00 $ 7,101.33 $ 8 less: Income Tax $ 1.605.10 $ 2.485.46 $ 9 NET INCOME $ 2,980.90 $ 4,615.86 $ 105,077.99 83,011.61 22,066.38 11.558.58 10,507.80 6,150.00 4,357.80 1.525.23 2,832.57 $ $ $ $ $ $ 8.901.20$ 9.424.80 $ 9.948.40 $ 28,274.40 $ 29,845.20 $ 58,119.60 $ 13.177.26 $ 13,952.39 $ 14.727.52 $ 41,857.16 $ 44,182.56 $ 86,039.73 $ 17.863.26 18.914.04 19,964 82 56,742.11 59.894.45 116,636.56 Balance Sheet 1 ASSETS 2 Cash and Equivalents 3 Accounts Receivable 4 Inventory 5 CURRENT ASSETS 6 Property, Plant and Equipment 7 TOTAL ASSETS 8 LIABILITIES AND EQUITY 9 Accounts Payable 10 CURRENT LIABILITIES 11 Long-Term Debt 12 TOTAL LIABILITIES 13 STOCKSHOLDER'S EQUITY 14 Retained Earnings 15 TOTAL EQUITY 16 TOTAL LIABILITIES AND EQUITY $ $ $ $ $ $ $ $ 12.042.80 $ 12.042.80 $ 6.500.00 $ 18.542.80 $ 39,576.80 $ $ $ 39,576.80 $ 58,119.60 $ 17,828.05 $ 17,828.05 $ 61,500.00 $ 79,328.05 $ 74,134.00 $ 3,692.69 $ 77,826.69 $ 157,154.74 $ 24,167.94 24.167.94 61,500.00 85,667.94 74,134.00 2.266 08 76,400.06 162,067.99 Net Working Capital Requirements 1 Current Assets 2 Current Liabilities 3 Net Working Capital 4 increase in Net Working Capital Capital Investment 1 Capital Investment 1 IS 2,500.00 57.500.00 $ 8,500.00 Integrated Financial Statement Template Exhibit B: Free Cash Flow and Valuation 2022 2021 2023 Free Cash Flow DOS 1 Net Income 2 Plus After-Tax Interes Expense 3 Unlevered Net Income 4 Plus: Depreciation 5 Less: Increases in NWC 6 Less: Capital Expenditures 7 Free Cash Flow of Firm Valuation of the Growth 1 Free Cash Flow of the Firm 2 PV of the Cash Flow 3 Continuation Value 4 PV of Continuation Value 5 net interest Expense 6 Interest Tax Shield 7 PV Interest Tax Shield 8 Firm Value