Corp: reading 30 page 129 Q14 and q17: EBIT(1-tax) or not??
in q14, for Aquarius’s, it use EBIT(1-tax)/wacc to get total firm value
while in q18, it use EBIT(1-tax)/r (return of equity) to get Vu, then
Vl=Vu+tD, what Vu and Vl mean?
why in q18, when use EBIT to get Vu, no need to be after tax? Thanks. |