Calculate Halliburton’s value of equity per share as of 1 January 2007 using the abnormal NOPAT valuation method. Assume that the growth rate in residual NOPAT beyond the terminal year is 1%. The analyst estimates that net debt as of 1 January 2007 equals -$1,548million (note that the negative value shows that Halliburton has more cash than interest-bearing liabilities). Halliburton’s basic weighted average number of shares is 1,014 million.

Answer rating: 100% (QA)

Using the abnormal NOPAT valuation me... View the full answer