|
Revenue Growth |
Revenues |
Operating Margin |
EBIT |
Tax Rate |
EBIT (1-t) |
Reinvestment |
FCFF |
Base Year |
|
$26,485 |
|
|
|
|
|
|
1 |
2.00% |
$27,015 |
13.72% |
$3,707 |
20.20% |
$2,958 |
$363 |
$2,595 |
2 |
2.00% |
$27,555 |
14.23% |
$3,922 |
20.20% |
$3,130 |
$370 |
$2,760 |
3 |
2.00% |
$28,106 |
14.49% |
$4,072 |
20.20% |
$3,250 |
$377 |
$2,872 |
4 |
2.00% |
$28,668 |
14.74% |
$4,227 |
20.20% |
$3,373 |
$385 |
$2,988 |
5 |
2.00% |
$29,242 |
15.00% |
$4,386 |
20.20% |
$3,500 |
$353 |
$3,147 |
6 |
1.80% |
$29,768 |
15.00% |
$4,465 |
21.16% |
$3,520 |
$320 |
$3,201 |
7 |
1.60% |
$30,244 |
15.00% |
$4,537 |
22.12% |
$3,533 |
$284 |
$3,249 |
8 |
1.40% |
$30,668 |
15.00% |
$4,600 |
23.08% |
$3,538 |
$247 |
$3,291 |
9 |
1.20% |
$31,036 |
15.00% |
$4,655 |
24.04% |
$3,536 |
$208 |
$3,328 |
10 |
1.00% |
$31,346 |
15.00% |
$4,702 |
25.00% |
$3,526 |
$210 |
$3,316 |
Terminal year |
1.00% |
$31,659 |
15.00% |
$4,749 |
25.00% |
$3,562 |
$356 |
$3,206 |
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