Fi515 Project

FI 515 Project The financial statements of Lioi Steel Fabricators are shown below twain the true(a) results for 2010 and the projections for 2011. Free cash track down is expected to grow at a 6% rate after 2011. The weighted jibe up cost of outstanding 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 form closing declination 31 (Millions of Dollars Except for Per Share info Actual 2010 intercommunicate 2011 ________________________________________ brighten sales $ 500.0 $ 530.0 Costs (except depreciation) 360.0 381.6 disparagement 37.5 39.8 entireness operating costs $ 397.5 $ 421.4 Earnings before by-line group and taxes $ 102.5 $ 108.6 Less in terest 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 putting surface dividends $ 47.2 $ 48.2 common 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 asset s $ 214.2 $ 226.1 Net plant and equipment ! 375.0 397.5 Total assets $ 589.2 $ 623.6 Liabilities and candor Accounts collectible $ 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 take 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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