Laurentian Bakeries

內容大綱
The vice-president of operations must submit a valuation and recommendation to expand his plant to handle a doubling of sales over the next three years. Students will have to understand the process review for capital allocation in this large corporation in order to make their recommendation, as well as complete a discounted cash flow.
學習目標
To examine strategic planning and consider the project's fit into the business plan. This case covers a simple discounted cash flow (DCF) valuation, focusing on forecasting and uncertainty, incremental cash flow, incremental working capital, capital expenditures, a review of cost of capital, taxes and CCA deductions. The case can be used as part of a general valuation module. It differs from other valuations, however, since it is the valuation of a project and not an entire business. As well, the extensive description of the project review process illustrates capital allocation in a large corporation.
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