A listed company in a high technology industry has decided to value its intellectual capital using the Calculated Intangible Value method (CIV).
Relevant data for the company:
• Pays corporate income tax at 30%
• Cost of equity is 9%, pre-tax cost of debt is 7% and the WACC is 8%
• The value spread has been calculated as $26 million
Calculate the CIV for the company.
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