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Business, 03.04.2020 16:36 babiea612

Moneyball Sports Complex, Inc. had Earnings before Interest and Tax of $300 million last year, a Depreciation expense of $50 million, net Capital Expenditures of $100 million and added $10 million to its net working capital. These figures are all expected to grow at a constant rate of 5%, indefinitely. The firm finances with 50% debt and 50% equity and the tax rate is 30%. Before tax cost of debt is 10% and the cost of equity is 22%. Calculate firm value.

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