Technical Question If there is help that would be great

Got some of these questions and was curious how to solve them-- couldn't find anything on the internet.

How is equity value/EV affected when you use 200$ of cash to buy back 300 of Debt?

 Since there's a 100$ again assuming a 20% tax rate CSE would be up by 80 so Equity value would be up buy 80

But EV would change to =-300+200+80 change of -20?.... I couldn't find a question like this on the guide so was curious.

Also, was what if you sell 50$ inventory for $100?

would that mean with a 20% tax rate equity value would be up 40..

Wouldn't EV be down 50 since NOA asset decreases by 50? Since =-90+40= -50?...

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Intern in IB - Gen

Got some of these questions and was curious how to solve them-- couldn't find anything on the internet.

How is equity value/EV affected when you use 200$ of cash to buy back 300 of Debt?

 Since there's a 100$ again assuming a 20% tax rate CSE would be up by 80 so Equity value would be up buy 80

But EV would change to =-300+200+80 change of -20?.... I couldn't find a question like this on the guide so was curious.

Also, was what if you sell 50$ inventory for $100?

would that mean with a 20% tax rate equity value would be up 40..

Wouldn't EV be down 50 since NOA asset decreases by 50? Since =-90+40= -50?...

For your first question based on the formula EV+EqV+Debt-Cash, then EV wouldn't change because debt is down 200 and cash is down 200 which is an addition to EV so they cancel out, not sure how you'd buy 300 of debt with 200 cash unless that was a typo.

 

So equity value would be up by 75, and then cash would be down by -225...

So Cash would be down by 225, Debt down by 300, and equity value up by 75 

-300+225+75=0

So EV doesn't change..? Not too sure though 

 

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