Fi515 Project

FI 515 Project The financial statements of Lioi Steel Fabricators are shown below both(prenominal) the true(a) results for 2010 and the projections for 2011. Free cash fuse is expected to grow at a 6% rate after 2011. The weighted get up cost of detonator is 11%. a.If operational capital as of 12/31/2010 is $502.2 million, what is the free cash flow for 12/31/2011? b.What is the horizon value as of 12/31/2011? c.What is the value of operations as of 12/31/2010? d.What is the hail value of the company as of 12/31/2010? e.What is the inherent price per share for 12/31/2010? Income Statements for the category closing declination 31 (Millions of Dollars Except for Per Share info Actual 2010 intercommunicate 2011 ________________________________________ fire sales $ 500.0 $ 530.0 Costs (except depreciation) 360.0 381.6 depreciation 37.5 39.8 derive operating costs $ 397.5 $ 421.4 Earnings before provoke group and taxes $ 102.5 $ 108.6 Less inte rest 13.9 16.0 Earnings before taxes $88.6 $92.6 Taxes (40%) 35.4 37.0 Net income before preferred dividends $ 53.2 $ 55.6 preferred dividends 6.0 7.4 Net income available for car park dividends $ 47.2 $ 48.2 ordinary dividends $ 40.8 $ 29.7 Addition to carry salary $ 6.4 $ 18.5 Number of shares 10 10 Dividends per share $ 4.08 $ 2.

97 Balance Sheets for December 31 (Millions of Dollars) Actual 2010 Projected 2011 ________________________________________ Assets Cash $ 5.3 $ 5.6 Marketable securities 49.9 51.9 Accounts receivable 53.0 56.2 Inventories 106.0 112.4 Total current assets $ 214 .2 $ 226.1 Net plant and equipment 375.0 3! 97.5 Total assets $ 589.2 $ 623.6 Liabilities and candor Accounts account payable $ 9.6 $ 11.2 Notes payable 69.9 74.1 Accruals 27.5 28.1 Total current liabilities $ 107.0 $ 113.4 Long-term bonds 140.8 148.2 preferred received 35.0 37.1 Common stock (par plus PIC) 160.0 160.0 Retained earnings 146.4 164.9 Common equity $ 306.4 $ 324.9 Total liabilities and equity $ 589.2 $...If you want to kick the position a full essay, order it on our website: OrderCustomPaper.com

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