Question: this question Question 2 Imaginative Inc. is a large French aerospace company, generated $1700 million in revenues. EBITDA was 35% of its revenues. CapEx was

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Question 2 Imaginative Inc. is a large French aerospace company, generated $1700 million in revenues. EBITDA was 35% of its revenues. CapEx was $160 million and depreciation amortization was $90 million. Change in working capital is zero. Current year's RD expense was $85 million. You have been given the RD expenses for the previous 3 years and you estimate that the amortizable life of RD expenses is also 3 years. Tax rate is 21% RD Expense Year -1 $75 million $63 million a) Estimate the value of the research asset (2 pts)

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