How does the assumption on future improvements in working capital affect your answer to Problem 13? In
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In Problem 13, Using the information produced in the income statement in Problem 4, use EBITDA as a multiple to estimate the continuation value in 2010, assuming the current value remains unchanged (reproduce Table 19.15). Infer the EV/sales and the unlevered and levered P/E ratios implied by the continuation value you calculated.
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It does not affect the answer because the working capital saving...View the full answer
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