Value of Equity (CFAI Mock PM 32 and 34) Help!

CFA Level II
#1

How do we calculate the value of equity here? On qst 32 they substract the total value of debt (long term, accounts payables, notes payable), while qst 34 only substract the long term debt.

Helpppp

#2

anyone?

#3

It’s because different models are used (FCF vs. EV) for the calculation.

#4

thanks!

#5

HELP

but they use 0.11 as WACC

Q31 ha wacc 11.28%…if u use that u get resukt that is closer to answer A

Anyone?

#6

11% is the wacc assumption of Nenkov (as explained in question)