Revere 32,500

Op. EXP. (14,t50)

Depin 500
EITDA 16,750

common size to Act

1002 Revenue 75,200 -x401: 30,080
40% Oxe* I
201 EBIDA

Revenue 125,000
XEBITDA Mgn 456
I DA
* 56250
x
(1 Tax)
-

707
39375
CAPex (1,500)
NCFto theFirm 37,875

Revenue 125,000 ->

NI 52,150
OPEX 158,080) Noncashtint 5,500
into 15007 CF57058
Bt -> 4,500 capex (1,500)
(1 Tax)
x
-

zoto N CFF 54,150

NI 52,150

Year 2F PVIE
I
250 1,10- 227.27
2 300 1.18-2 247094
3 350 1,10-3 26294
38,17
7
 year CF
(1,000) 7
-

0
I
250 x 110-1
2 300 1.10-2
+

450 110 3
-

i
x

900 x!10-3
484.48

CY Bus. Exp 25,200

xinflation 185
48,460

py
to
e

cyunist to
e
units projected -

840
125
x

105,000
sales 185,00
OP(4043 42,000
dep'n 1,250

EBITDA 43,250
 PUcFall OF 1,450
(500)
cash outlay
NAV ⑮

YH YV2 YV3
EBIT 200,000 350,000 400,000

!
x (1 tax)
-

702 -5 702
140,000 245,00 280,000 #14
200,000 350,000 440,000
EBIT dep'n 200,000 200,000 200,000
Weinr 140,000) (40,000) (40,000)
(apin (150,000) (150,000) (150,000)
NCFF 150,000 255,08 290,000
#13

200,0
dep'n 200,00
EBITDA 400, ON

# fr I TV2 Y3
EBI 200,000 300,000 200,00

x l-tax 702 70w 702

EAt 140,000 210,00 140,000
depin 250,00 250,00 250,000
W2(50,0) 150,000) (50,00
capex (120,000) (120,000) (120,000

120,00 NCFE 220,08 290,000 220,000

#I

terminal value 220,00 = x 1,05

EBIT 870 57
200,000 200,000
-

380,008
-

7,700, ON #IA
=

Ur
-

1220,00 1108
x

290,00 2
-

2
x
1,08
3
270,000 1.08
3 x

7,500,00 x1,08-3
*

NCRE 4,734,4833
18
#
 N IFF 917 39,483,31
ITD 1,000,000.00
NCF-E 5,739,483,31 #19

I * FUIF

1 3,100,ON n 1
9 =
X 1,55
-

2,000,00
133 1,430474
=

11.587
=

>

12b 1,577519
--
=

arithmetic are.

(310000 2,000,00 11b 1.518070

-

12b 1573514
=

....45
2,000, 00
130755
=
[lorzo
1,55 -1.5/8070
1.573519 -
1.518070
=0.03143:0.055449

or 11.5820

Operating income:300,000
dep'n (1,000,000:10yrs) 180,00
interest 15,000
EBITDA 415,000

py yr1 Yr2
x1,05
Revenue 1,500,00 4:051,575,00 1,453,750
702
x(1 V(06S)
-

707
a 1,102,500 1,157,625
IC (400,000) (400,000)
OPEX (20b (315,08)(340,7507
OI 387,508 420875
x (1 -

tax) 7070 N
NI
271,250/22 298,812.50

add: dep'n &888,0 OO

NCF 445,842,58
less WC (25,000 (

473,812.50
 41 424344
Net DNFT 1,120,000 11480,000 2,240,000 2,520000

dep'n 2,000,00
CAPEX
WCFF
? 0e 2,480,000 3,240,083,520,000
↑2F 73,920,000

in

tion
2,120042,480,083,240,00077, 440,000
ALE

1.10-2
-
3 -

4
PVF 1.10 7.10

to fal D
-

x
potential purchas

113,520,00x
100 54
-

74,920,000
=