Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

Exercise 10

Moore Heel is a shoe manufacturing company. Moore has hired you to value the company based on the discounted cash flow method. You have determined that the present value of the company's cash flows is $400,000, marketable securities total $150,000, and the market value of debt is $250,000. What is the value of the firm