Wahab Shamshad 1581

wd

we

d/e

BBA 7th Semester

kd

Ke

Corporate Finance

wacc

FCF

0.248
0.36217
0.60634
0.98051
0.1980399
2.44385
3.66302
5.14219
0.12136
0.0248

5249444.55
5249444.55
5249444.55
5249444.55
5249444.55
5249444.55
5249444.55
5249444.55
5249444.55
5249444.55

in Millions

0%
10%
20%
30%
40%
50%
60%
70%
80%
90%

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%

0%
0.111111
0.25
0.428571
0.666667
1
1.5
2.333333
4
9

-1

+2

1%
2
3
4
5%
7
9
11
13
15

1.15
0.248
1.23305556 0.2579667
1.336875 0.270425
1.47035714 0.2864429
1.64833333
0.3078
1.8975
0.3377
2.27125
0.38255
2.89416667
0.4573
4.14
0.6068
1.15
0.248

wd=total long debt/total

capital

FCF =

0.23 Rf
0.23
0.23
0.23
0.23
0.23

in Millions

in Millions

in Millions

0
1449442.127
1731518.471
1606136.975
10602802.17
1074011.202
859855.1823
714600.43
34604117.01
190504036.1

21167115.12
13044979.14
6926073.886
3747652.941
15904203.25
1074011.202
573236.7882
306257.3271
8651029.252
21167115.12

21167115.1
14494421.3
8657592.36
5353789.92
26507005.4
2148022.4
1433091.97
1020857.76
43255146.3
211671151

1-t=
EBIT=

intrest Exp

Rm

debt

equity

tax rate= Tax Amount / EBT

= 35%

2498000/6463644=0.38
0.38*100=38%
assume 40%

kd= Intrest exp/average

liability

in Millions

16560

0.11 Bu
0.11
0.11
0.11
0.11
0.11

avg liab
in Millions

322278

0.0115
0.0115
0.0115
0.0115
0.0115
0.0115

14998413
5249444.55

# of O/S
in Millions

264636
264636
264636
264636
264636
264636
264636
264636
264636
264636

0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65

Po
79.98577
49.29405
26.17208
14.16154
60.09841
4.058447
2.166133
1.157278
32.6903
79.98577

Wahab Shamshad 1581

0.23
0.23
0.23
0.23

BBA 7th Semester

0.11
0.11
0.11
0.11

0.0115
0.0115
0.0115
0.0115

Corporate Finance

Wahab Shamshad 1581

BBA 7th Semester

Corporate Finance

Wahab Shamshad 1581

BBA 7th Semester

Corporate Finance