# Financial Modeling Assumptions
Discount Rate: 8%
Terminal Growth Rate: 2%
Tax Rate: 25%
Revenue Growth (Years 1-5): 10% per annum
Revenue Growth (Years 6-10): 5% per annum
Capital Expenditures as % of Revenue: 7%
Working Capital Assumption: 3% of Revenue
Depreciation Rate: 10% per annum
Cost of Capital Assumption: 8%
