Discoumi rate for endowment
Cast of debt
WACC
10%
160
12%
Horizon value
FCF plus Horizon Value
PVIF at WACC
PV of FCF for respective year
Enterprise value
Less: Interest bearing debt
Net value of enterprise
$404.76 $1,689.31
0.9091
0.8264
$367.96 $1,396.04
$27,424
$0.00
$27,424
$8,513.43
0.7513
$6,396.14
$15,163.64
0.683
$10,356.77
$75,587
$14,346.24
0.6209
$8,907.58