Extracted text: 10. Heinz Inc expects to generate earnings over the next five years of Php 50,000.00; Php 60,000.00; Php 65,000.003; Php 70,000.00; and Php 75,000.00. Using the Capitalization of Earnings Method, what is the estimated value of the firm using 10.00% required rate of return. a) Php 640,000.00 b) Php 657,378.72 c) Php 657,738.72 d) Php 604,000.00 11. Heinz Inc expects to generate earnings over the next five years of Php 50,000.003; Php 60,000.00; Php 65,000.00; Php 70,000.00; and Php 75,000.00. Using the Capitalization of Earnings Method, what is the estimated value of the firm using 8.00% required rate of return. a) Php 600,000.00 b) Php 800,000.00 c) Php 500,000.00 d) Php 700,000.00 12. Ernesto, Inc has projected average earnings every year of Php 100,000,000. Debt to Equity Ratio is 3:1 After tax cost of debt is 5% while the cost of equity is 10%. The Board of Directors of the company decided to sell the company for 1,000,000,000 computes for the Economic Value Added (EVA). a) Php 37,500,000.00 b) Php 50,000,000.00 c) Php 0 d) Php 25,000,000.00