Marriot Case

Advanced Corporate Finance Marriott Case The table infra describes the unlevered after-tax coin flows for the historic period 1988 to 1997. The EBIT is fabricated to grow by 4.5% per annum. The depreciation and capex are assumed to grow by 5% and 2% per annum, respectively. Given these rates, the cash flows grow from 16,06 in 1987 to 54,72 in 1997. A total cram of 240.72%. The annual growth per annum is 18.18% for 1987 to 1988, 16.39% for 1988 to 1989, 14.89% for 1989 to 1990, 13.79% for 1990 to 1991, 12.85% for 1991 to 1992, 12.06% for 1992 to 1993, 11.41% for 1993 to 1994, 10.84% for 1994 to 1995, 10.38% for 1995 to 1996 and 9.92% for 1996 to 1997.

|  |EBIT | derogation |Capex |  | |Annual Growth rank: |1,045 |1,05 |1,02 |  | |Year |EBIT |Depreciation |Capex | specie Flow | |1987 |82,40 |42,10 |79,60 |16,06 | |1988 |86,11 |44,21 |81,19 |18,98 | |1989 |89,98 |46,42 ! |82,82 |22,09 | |1990 |94,03 |48,74 |84,47 |25,38 | |1991 |98,26 |51,17 |86,16 |28,88 | |1992 |102,69 |53,73 |87,88 |32,59 | |1993 |107,31 |56,42...If you want to astound a full essay, locate it on our website: OrderEssay.net

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