Milano pizza club owns three identical restaurants popular for their specialty pizzas Answer

Milano pizza club owns three identical restaurants popular for their specialty pizzas Answer

Milano pizza club owns three identical restaurants popular for their specialty pizzas Answer

Milano pizza club owns three identical restaurants popular for their specialty pizzas Answer

Milano pizza club owns three identical restaurants popular for their specialty pizzas Answer

Milano pizza club owns three identical
restaurants popular for their specialty pizzas. Each restaurant has a debt –
equity ratio of 40 percent and makes interest payments of $41,000 at the end of
each year. The coast of the firm’s levered equity is 19 percent. Each store
estimated the annual sales will be $1.3 million: annual coast of goods sold
will be $670,000: and annual general and administrative cost will be $405,000.
These cash flows are expected to remain the same forever . The corporate tax rate is 40 percent.

Use the flow to equity approach to determine the
value of the company’s equity.
What is the total value of the company?

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