If you landed here after typing a fragmented filename like Finance D--------------------------39-entreprise Pierre Vernimmen.pdf , you are almost certainly looking for the legendary corporate finance textbook: by Pierre Vernimmen.
Company X: FCFF next year = 100, growth 3%, WACC = 8% Enterprise value = 100 / (0.08 – 0.03) = 2,000 Subtract net debt = 500 → Equity value = 1,500. If you landed here after typing a fragmented
Calculating the break-even discount rate. 500. Calculating the break-even discount rate.