2024 2021 2.9 2022 4.1 2023 4.8 2025 6.2 EBIT 5.8 Depreciation 1.1 1.2 1.5 1.6 1.9 Tax 0.87 1.23 1.44 1.74 1.86 N. Cap. Spending 0.5 0.8 1 1.2 2 Change in NWC 0.25 0.45 0.35 0.55 0.24 For Company XYZ., the projected cash flow components (in Smil) for the next five years are as follows. WACC is 10% and the growth rate is projected to be 5% for free cash flows during the horizon period after 2025. Assuming mid-year convention method, what is the implied perpetual growth rate given the EBITDA exit multiple for 2025 is 15.0x. O a. 6.33% O b.5.95% O c. 5.00% O d. 4.40 O e. 4.00% 2024 2021 2.9 2022 4.1 2023 4.8 2025 6.2 EBIT 5.8 Depreciation 1.1 1.2 1.5 1.6 1.9 Tax 0.87 1.23 1.44 1.74 1.86 N. Cap. Spending 0.5 0.8 1 1.2 2 Change in NWC 0.25 0.45 0.35 0.55 0.24 For Company XYZ., the projected cash flow components (in Smil) for the next five years are as follows. WACC is 10% and the growth rate is projected to be 5% for free cash flows during the horizon period after 2025. Assuming mid-year convention method, what is the implied perpetual growth rate given the EBITDA exit multiple for 2025 is 15.0x. O a. 6.33% O b.5.95% O c. 5.00% O d. 4.40 O e. 4.00%
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