[bshah1989]

Thank you so much, really appreciate this help!

[bshah1989]

HI,

Thanks for your reply.

Looks like Tippletine answer shows:

Benefit= $30,600,000 x (0.05-0.22) x 3.546 = $3,038,000
Tax relief lost = $30,600,000 x (0.05-0.022) x 0.3 x (4.329-0.952) = $868,000

and in Robson:

Benefit = $40m x (0.09-0.035) x 0.8 x 3.240 = $5,702,400.

Apologies in advance but it seems i’m missing something which is probably quite obvious!

Thank you so much.

[bshah1989]

Many thanks!

[bshah1989]

Thank you in advance!

[bshah1989]

Thanks, good luck for your score.

[bshah1989]

Also my APV was negative both before the finance impacts and after. As losses were around 50m in the first two periods, they more than absorbed all subsequent profits… I.e. i had a zero tax bill for the whole project.

Anyone else?

Thanks

[bshah1989]

For what seemed to be straight forward questions I think it was a shame not to have done well.

Panic city.

Did anyone get the equity value of the target to be 1,556m?

And was the combined equity value lower than the equity value of the main firm?

Best

[Author]

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