Valuation exercise

Question 1.a.: "You own 100% of a company that produces $100m p.a. in LFCF. At the end of this year, how would you decide between reinvesting the cash or paying yourself a dividend?"

Question 1.b.: "In Y2, you decide you want to pay your employees in company equity (let's say, $10m). How will this impact the EV calculation? How will it impact the value of the equity attributed to you as the owner at the end of the year (all else equal)?"

Question 1.c.: "In Y3, your team suggests purchasing a building worth $10m. How would you determine whether this would be a good investment (vs, for eg, leasing or paying yourself a dividend)?"