Question: Euro notes, 7 58' Scior unsecured notes. 8.87514 Value of the firm Existing sevior notes, 7.0016 Unlevered firm Value $ 10 742,72 - Total Op

Euro notes, 7 58' Scior unsecured notes.
Euro notes, 7 58' Scior unsecured notes. 8.87514 Value of the firm Existing sevior notes, 7.0016 Unlevered firm Value $ 10 742,72 - Total Op Co interest expense - PV of tax shields S 5 61637 - Pretax Income Value of Levered firm $ 16 359.09 Book Taxes (1615) - Net Income Total Debt Value at end of 2005 $ 13 319,70 HERC Cheet depiecudon Equity Value $ 3039.39 - total mon-fleet depreciation HERC fleet CAP EX 410.71 14759 347 13 Doto non-that CAP EX 215 06 $ 210.10 202 56 $ 213 19 251 25 mchic in NWC -115.83 45.27 42 97 17,02 134,15 $ 70 47 72.80 1 80.84 Cash Flow available to pay down debt -31.07 5 -19.18 210.42 IS 248,58 opardonz company interest after box 309 03 5 31257 313.58 1 308.52 5 297.75 - Free Cash Flow to Capital (onlevered) 5 202,10 1 41243 518.04 Terminal Value PV FCF to capital 5 240.03 5 254.20 1 393.63 $ 391,14 5 383.68 PV Terminal Value 5 9 139.44 Calevered firm Value on 2005 5 10 74172

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