How to Make Assumptions for Paper LBO

How would you go about thinking about your assumptions on CapEx, NWC, margins etc for a paper LBO. I've seen a lot of guides saying to just make an educated guess and be able to back it, but I am not sure where to even start with this intuition. Can someone give me some examples?

"One was on a private school business and another on a healthcare center business that they own. It’s tricky in that you need to give thoughts to exactly how the financials are driven by the business model. But once you figure it out, it’s very straightforward"

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