Canyon Buff’s
When calculating incremental unlevered net income, should we include all the expenses mentioned in the case? If not, what expenses should we exclude and why.
Is there a big jump of unlevered net income from Year 5 to Year 6? Why?
How do you calculate the level of net working capital (NWC)? What is the value of NWC at the end of Year 0, 1, and 6?
