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a) Estimation of probability the WACC of the company




Experts estimation Optimistic is 0.1226; Most Probable is 0.1338, and Pessimistic is 0.1499

B) Estimation of probability of discount rate which base on MIBOR as risk-free rate in RADR method.

Experts estimation Optimistic is 25.275; Most Probable is 25.9880, and Pessimistic is 26.4999

C) Estimation of probability of discount rate which base on WACC as risk-free rate in

RADR method.

Experts estimation Optimistic is 23.5171; Most Probable is 24.4988, and Pessimistic is 24.4988

 

 


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[2] Richard A. Berkley, London Business School, Stewart C. Myers, Massachusetts Institute of Technology, Franklin Allen, University of Pennsylvania, Corporate Finance Eighth Edition 2006, McGraw-Hill Irwin, pp.461.

[3] William F. Sharpe, Stanford University, Gordon J. Alexander, University of Minnesota, Jeffery V. Bailey, Richards&Tierney Inc., Investments Fifth Edition, Prentince Hall International, Inc.,1995,pp.258, 277,325,906.

[4] Tom Copeland, Tim Koller, Jack Murrin, Valuation Measuring&Managing TheValue of companies, Third Edition, McKinsey&Company, Inc., 2000, pp.256.

[5] William F. Sharpe, Stanford University, Gordon J. Alexander, University of Minnesota, Jeffery V. Bailey, Investment Fifth Edition, 1995 Prentice Hall, Inc., pp.212,509.

[6] Edited by Andy Neely, business Performance Measurement Unifying Theories and Integrating Practice Second Edition, Cambridge University Press 2007, pp.14.

[7] Richard A. Brealey, London Business School, Stewart C. Myers, Massachusetts Institute of Technology, Franklin Allen, University of Pennsylvania, Corporate Finance Eighth Edition, McGraw-Hill Irwin 2006, pp.310-318.

[8] Richard A. Brealey, London Business School, Stewart C. Myers, Massachusetts Institute of technology, Franklin Allen, University of Pennsylvania, Corporate Finance, Eighth Edition, McGraw-Hill Irwin 2006, pp.121.

[9] www.natur-produkt.ru.

[10] Michael E. Porter, Competitive advantage, 1985, Introduction 1998, The Free Press.

[11] Peter S. Pande, Robert P. Neuman, Roland R. Cavanagh, The six sigma way, McGraw-Hill, NY

[12] www.econ.yale.edu/~shiller

[13] George H. Hempel, Southern Methodist University, Donald G. Simonson, University of New Mexico, Bank Management Text and Cases Fifth Edition 1999, John Wiley&Sons, Inc.,pp.393,430,456,459.

[14] Richard A. Brealey, Stewart C. Myers, Franklin Allen, Corporate Finance, Eighth Edition, McGraw-Hill International Edition, pp.88.

[15] James C. Van Horne, Stanford University, John M. Vachowicz, Jr.,Fundamentals of Financial Management, Eleventh Edition, Prentice Hall, New Jersey, pp. 447.

[16] Zvi Bodit, Boston University, Robert K. Merton, Harvard University, Finance, Prentice Hall, New Jersey 2000, pp.229.

[17] James C. Van Horne, Stanford University, Joho M. Wachowicz, Jr., The University of Tennessee, Fundamentals of Financial Management, Prentice Hall Financial Times, An imprint of Pearson Education 2005, pp.37,91.

[18] See the Appendix 1-7 Simulation Model and Scenario Analysis calculations.

[19] James C. Van Horne, Stanford University, John M. Vachowicz. Jr., The University of Tennessee, Fundamentals of Financial Management Eleventh edition 2001, Prentice Hall, Inc., pp.552.

[20] W.F. Sharpe, The Capital Asset Pricing Model: A Multi-Beta Interpretation, in H. Levy and M. Sarnat (eds.), Financial Decision Making under Uncertainty (NY: Academic Press, 1977).

[21] Richard A. Brealey, London Business School, Stewart C. Myers, Massachusetts Institute of Technology, Franklin Allaen, University of Pennsylvania, Corporate Finance Eighth Edition, McGraw-Hill Irwin 2006, pp.228.

[22] www.prim-tass.ru/currency/rates_interest_history, www.cbr.ru, www.nva.ru/nva/indicators

[23] www.glodalfindata.com





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