Question: Pumpkin Patch Corp. ( PPC ) has provided you with the following financial information for 2 0 2 2 ( actual ) and years 2

Pumpkin Patch Corp. (PPC) has provided you with the following financial information for 2022(actual) and years 2023-2026(projected).
After 2026, cash flows are projected to grow at a constant rate of 8.5% per year.
You have also been told that the firm has $2.5 million in marketable securities,
$20 million of long-term debt, and has no preferred shares.
There are 5 million shares outstanding. The firm's WACC is 12% and it pays a corporate tax rate of 36%.
EBIT
Interest expense
Operating current assets
Operating long-term assets
Operating current liabilities
What would be the projected NOPAT value for 2023?
$16.4 million
$20.8 million
$11.7 million
$32.5 million
What would be the projected RIOC value for 2024?
$9.25 million
$7.5 million
$13.25 million
$10.75 million
What would be the projected horizon value at the start of 2027?
$581.56 million
$771.74 million
$915.12 million
$843.43 million
 Pumpkin Patch Corp. (PPC) has provided you with the following financial

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