Escolar Documentos
Profissional Documentos
Cultura Documentos
Add: EV of
PinkertonPositive
Scenario
= Value of
New CPP
Less: LTD of
Pinkerton
Equity Value
of New CPP
45% of
100.56
million
Cash
Received
1988
2
1989
2.8
1990
3.1
1991
4.3
1992
4.4
1.1
3.1
3.8
4.1
4.3
4.4
G=5 %
& WACC =
12.19%
0.891
0.794
0.708
0.631
4.4(1.05)/
(0.1219-0.05)
= 4.62/0.0719
=64.26
0.562
2.76
3.02
2.90
2.71
38.59
49.98
46.88[i.e
49.983.1]; here
3.1 is LTD
128.68
175.56
75 million
100.56
45.25
Million $
25 million
$
from the
investor
Value given
up in
equity
transaction
20.25
million $
Add: EV of
PinkertonNegative
Scenario
1988
2
1989
2.8
1990
3.1
1991
4.3
1992
4.4
1.1
3.1
3.8
4.1
4.3
4.4
G=5 %
& WACC =
12.19%
0.891
0.794
0.708
0.631
4.4(1.05)/
(0.1219-0.05)
= 4.62/0.0719
=64.26
0.562
2.76
3.02
2.90
2.71
38.59
49.98
46.88[i.e
49.983.1]; here
3.1 is LTD
81.14
= Value of
New CPP
Less: LTD of
Pinkerton
Equity Value
of New CPP
45% of
100.56
million
Cash
Received
from the
investor
Value given
up in
equity
transaction
128.02
75
53.02
23.86
25
-1.14
million $
Value of Equity Claims under 100 Million $ debt option under the
positive scenario = 175.56 Million $
Value of Equity Claims under 100 Million $ debt option under the
negative scenario = 128.02 Million $