Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Input area:
2019 2020 2021 2022 2023
Sales 3,024.00$ 3,391.00$ 3,654.00$ 3,740.00$ 3,893.00$
Costs 804.00 1,055.00 1,110.00 1,200.00 1,264.00
Capital expenditures 307$ 266$ 334$ 339$ 334$
Change in NWC (134)$ (205)$ 111$ 105$ 119$
Asset sales 1,560$ 1,131$
Interest payments 2,120$ 2,045$ 2,851$ 2,779$ 2,875$
Terminal growth rate 3.50%
Terminal D/E 25.00%
Return on assets 14.00%
Pretax cost of debt 12.50%
Pretax debt after Year 5 8.00%
Tax rate 21%
Shares outstanding (million) 385
Output area:
Unlevered cash flows 3,252.94$ 3,034.72$ 1,688.87$ 1,692.80$ 1,756.84$
Levered equity return 15.19%
WACC 13.73%
today 255.56$
The Leveraged Buyout of Cheek Products, Inc.
Chapter 18
