DCF Valuation Summary Model EV Valuation as is using Historical Assumtions Values Information ### Valuation using Sales Growth 3 year average Fasa projections # ## including CGS 12.75% synergies ### Premium based SGA 57.02% Premium based $31,141 on Case Depreciation/NET ppe t-1 31.42% Projections $43,411 Cash 27.26% A/R 3.90%% Summary of Comparable Valuation Inventory 9.99% PPE /sales 17.48% P/E Average A P/sales 8.67 EV/EBIT ### accruals/sales 3.94% EV/EBITDA # # # Tax Rate 5% Overall Average ### Long-run growth 3% Cost of Capital Estimation Debt/Value 20% Cost of Debt(Rd) 6% Debt/Equity 0.25 10 yr treasury (Risk Free R 4.73% Risk Premium 5% Ba(beta asset) 0.78 Be(beta Equity) 0.97 Required return on equit 9.56% WACC 8.79% Synergy Assumptions Current Day Sales Invent 63.79 Target Day Sales Inventor 42.1