, , . ( ), ( ).
, . , .
, , , 16.4. Nodett Somdett. Somdett Corporation (EBIT) :
( )
()
( )
, 34%, . , () Somdett,
Somdett = +
= 0,66 (EBIT - ) +
= 0,66EBIT + 0,34 =
Nodett + 0.34
Somdett . , , , . 16.5. , Somdett Nodett 1,088 . .
, Somdett Nodett . , :
Somdett = Nodett +
" " (Interest Tax Shield).
, Somdett , " " (34%) :
PV " " Somdett = 0,34 40 . .
= 13,6 . .
Somdett Nodett , , , . . 16.6.
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16.5. Nodett Somdett
Nodett | Somdett | ||
EBIT (. .) | (. .) | (. .) | (. .) |
3,3 | 1,188 | 4,388 | |
6,6 | 4,488 | 7,688 | |
9,9 | 7,788 | 10,988 |
16.6. Nodett Somdett
Nodett | Somdett | |
40,0 . . | ||
66 . . | 39,6 . . | |
34 . . | 20,4 . . | |
100 . . | 100,0 . . |
, Somdett, Nodett, ( ) 100 . . Nodett 66 . ., 34 . . . Somdett, 39,6 . ., 40 . ., 20,4 . .
Nodett Corporation, 1 , 40 . . , ? ?
Nodett 66 . 40 . . , , , " " 13,6 . . 1 79,6 . ., , , 79,6 . . 502513 (40 . . / 79,6 . ), .. 497487 . , 1 , 13,60 . . , , . .
16.7 |
Mordett , Nodett Somdett, 50 . . , | 34%. Mordett , ? Nodett Corporation ( 1 ) 50 . . , ? ? |
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