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Author Question: Codswallop Disposal Inc. is an all equity firm. At the end of the current year, the CFO expects EBIT ... (Read 22 times)

PhilipSeeMore

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on: Apr 25, 2021
Codswallop Disposal Inc. is an all equity firm. At the end of the current year, the CFO expects EBIT to be $10M, and the same earnings are expected annually in perpetuity. The company is not growing, so CAPEX and investments in net working capital are zero. Codswallop's shareholders require a return of 8%. Codswallop has 20 million shares outstanding. The corporate tax rate is 30%. What is the market value of Codswallop's shares?
◦ $0.44
◦ $4.38
◦ $6.25
◦ $8.75
◦ $3.84
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Marked as best answer by PhilipSeeMore on Apr 25, 2021

bimper21

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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PhilipSeeMore

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
Wow, this really help

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