Question 3: (3 points) Information about company A in the period 2016-2020 is as follows (unit:...

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Question 3: (3 points) Information about company A in the period 2016-2020 is as follows (unit: million VND): 1. Earnings before interest and taxes 2. Depreciation 3. Working capital needs 4. Capital expenditure 2016 2017 2018 2019 2020 4620 5410 5510 5650 5850 920 960 1010 1220 1320 300 330 330 325 340 1200 1250 1310 1350 1400 The corporate income tax rate is 22% In early 2014, company A issued bonds with a total par value of 5 billion. The maturity is 10 years and interest rate is 8%. From 2021, it is predicted that company A's free cash flow will increase steadily at a rate of 6%/year. The stock of the equivalent company is trading on the stock market at a discount of 12% and the debt/equity ratio of company A is 45-55 Interest rates on the market in early 2016 increased by 0.5% compared to 2014 Based on the above information, please determine the value of company A at the beginning of 2016. Question 4 (2 points) Based on the information of Question 3, determine the value per share of company A at the beginning of 2016, given that company A has I million common shares. Question 3: (3 points) Information about company A in the period 2016-2020 is as follows (unit: million VND): 1. Earnings before interest and taxes 2. Depreciation 3. Working capital needs 4. Capital expenditure 2016 2017 2018 2019 2020 4620 5410 5510 5650 5850 920 960 1010 1220 1320 300 330 330 325 340 1200 1250 1310 1350 1400 The corporate income tax rate is 22% In early 2014, company A issued bonds with a total par value of 5 billion. The maturity is 10 years and interest rate is 8%. From 2021, it is predicted that company A's free cash flow will increase steadily at a rate of 6%/year. The stock of the equivalent company is trading on the stock market at a discount of 12% and the debt/equity ratio of company A is 45-55 Interest rates on the market in early 2016 increased by 0.5% compared to 2014 Based on the above information, please determine the value of company A at the beginning of 2016. Question 4 (2 points) Based on the information of Question 3, determine the value per share of company A at the beginning of 2016, given that company A has I million common shares.