R_f = Risk-FreeRate = 2.0%

_c = Beta = 1.6

ER_m = Expected Market Rate of Return = 7.0%

Rd = Cost of debt = 6.2%

Tc = Corporate tax rate = 25%

g = Growth Rate = 2%

Market Value of Equity = $1,400,000

Total Debt = $600,000

Cash 2019 = $60,000

Shares Outstanding = 100,000

Terminal Year EBITDA = $250,000

Peer EV/EBITDA multiple = 14.0x

UFCF = $120,000 (2020);$140,000 (2021);$160,000 (2022);$180,000 (2023);$200,000 (2024)

1) Calculate enterprise value using the DCF and perpetual growth approach

2) Calculate implied equity value using the perpetual growth approach

3) Calculate the implied share price using the perpetual growth approach

4) Calculate enterprise value using the DCF and multiples approach

5) Calculate implied equity value using the multiples approach

6) Calculate the implied share price using the multiples approach

7) If the current stock price for Case Corp is $19.50, is Case Corp overvalued or undervalued according to your calculations for both approaches?