Forecast KMS's free cash flows (reproduce Table 18.13), assuming KMS's market share will increase by 0.25% per
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Forecast KMS's free cash flows (reproduce Table 18.13), assuming KMS's market share will increase by 0.25% per year; investment, financing, and depreciation will be adjusted accordingly; and working capital will be as you projected in Problem15).
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Year 2011 2012 2013 2014 2015 Free Cash Flow (S000s) 7,600 8,807 11,141 13,739 16,627 199 1,083 1,083 1,0831,083 7,799 9,890 12224 14,822 17,710 7,443 7,498 7549 7,594 7,634 5,257-5,802-6,453-7,166-7,948 25,0008,0008,008,000 8,000 15,015 3,565320 7,250 9,396 Net Income Plus: Afler-Tax Interest Expense Unlevered Net Income Plus: Depreciation Less: Increases in NWC Less: Capital Expenditures Free Cash Flow of Firm
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