SOCIAL SCIENCES, BUSINESS STUDIES
EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification
Exam
Course Title and Number: CEPA Exit Planning Advisor
Certification
Exam Title: CEPA Certification Exam
Exam Date: Exam 2025- 2026
Instructor: ____ [Insert Instructor’s Name] _______
Student Name: ___ [Insert Student’s Name] _____
Student ID: ____ [Insert Student ID] _____________
Examination
Time: - ____ Hours: ___ Minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you have completed
the Exam.
6. This test has a time limit, The test will save and submit automatically when the
time expires
7. This is Exam which will assess your knowledge on the course Learning
Resources.
Good Luck……...!
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CEPA Comprehensive Exit Planning Institute EPI
Mastery Exam Review Questions & Answers Covering
All Exam Domains |100% Pass Guaranteed | Graded A+ |
2025- 2026
EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification Exam
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Assume your client Jim, owns a company that manufactures
heavy duty steel shelving for warehouse and distribution
centers. Jim is 70 years old. One of his goals is to maximize the
selling price of his company at the time of sale. The company
has revenues of $18 million and pre-tax income of $2 million.
The company has no debt and all of its assets have been fully
depreciated. Jim pays himself a salary of $1 million. A buyer
couple hires a CEO to do Jim's job for approximately $250,000.
Jim's wife, Sarah, is 60 years old and is listed on the payroll as
office manager, but she only comes into the office once every
couple of weeks. Sarah receives a salary of $75,000. Jim and
his wife expense approximately $80,000 in personal items
through the business. Assume that buyers of companies like
this expect a 25% rate of return on their investments. What is
the best earnings stream to use to value this company -
=Answer>> Adjusted EBITDA
Assume your client Jim, owns a company that manufactures
heavy duty steel shelving for warehouse and distribution
centers. Jim is 70 years old. One of his goals is to maximize the
selling price of his company at the time of sale. The company
has revenues of $18 million and pre-tax income of $2 million.
The company has no debt and all of its assets have been fully
depreciated. Jim pays himself a salary of $1 million. A buyer
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couple hires a CEO to do Jim's job for approximately $250,000.
Jim's wife, Sarah, is 60 years old and is listed on the payroll as
office manager, but she only comes into the office once every
couple of weeks. Sarah receives a salary of $75,000. Jim and
his wife expense approximately $80,000 in personal items
through the business. Assume that buyers of companies like
this expect a 25% rate of return on their investments. What
multiple of adjusted earnings should be used to determine the
selling pri - =Answer>> Jim should not set the selling price of the
business in advance. Rather, he should let the market
determine the selling price through a controlled auction
Assume your client Jim, owns a company that manufactures
heavy duty steel shelving for warehouse and distribution
centers. Jim is 70 years old. One of his goals is to maximize the
selling price of his company at the time of sale. The company
has revenues of $18 million and pre-tax income of $2 million.
The company has no debt and all of its assets have been fully
depreciated. Jim pays himself a salary of $1 million. A buyer
couple hires a CEO to do Jim's job for approximately $250,000.
Jim's wife, Sarah, is 60 years old and is listed on the payroll as
office manager, but she only comes into the office once every
couple of weeks. Sarah receives a salary of $75,000. Jim and
his wife expense approximately $80,000 in personal items
through the business. Assume that buyers of companies like
this expect a 25% rate of return on their investments. What is
the ball park value (no need to do a discounted cash flow
analysis) fo - =Answer>> A
$11,620,000
Assume your client Jim, owns a company that manufactures
heavy duty steel shelving for warehouse and distribution
centers. Jim is 70 years old. One of his goals is to maximize the
selling price of his company at the time of sale. The company
has revenues of $18 million and pre-tax income of $2 million.
The company has no debt and all of its assets have been fully
depreciated. Jim pays himself a salary of $1 million. A buyer
couple hires a CEO to do Jim's job for approximately $250,000.
Jim's wife, Sarah, is 60 years old and is listed on the payroll as
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office manager, but she only comes into the office once every
couple of weeks. Sarah receives a salary of $75,000. Jim and
his wife expense approximately $80,000 in personal items
through the business. Assume that buyers of companies like
this expect a 25% rate of return on their investments. What
would you advise Jim to expect in terms of a reasonable
transaction struc - =Answer>> Impossible to say
Jim has told you he would like to sell his company next year.
Jim has also confided in you that he isn't sure that the value of
the business will be enough for him to retire comfortably. After
gentle probing Jim tells you that he needs to be able to
generate $1 million a year before taxes in order to continue
supporting his lifestyle. Jim plans to invest the proceeds of the
sale in CD's and Treasuring Bills, which will yield 4%-5% return
to protect his capital and generate retirement cash flow. Jim is
also concerned that if he and his wife start to travel and buy a
home in the mountains, their spending may actually increase,
rather than decrease in retirement. Assume Jim's business sells
for $12 million in a stock sale. Assume that he receives 80% of
the purchase price at closing and the rest in the form of a seller
note. The note has a term of four years and bears an annual
interest at 10%. Jim's company is a sub-S - =Answer>>
$1,440,000
Jim has told you he would like to sell his company next year.
Jim has also confided in you that he isn't sure that the value of
the business will be enough for him to retire comfortably. After
gentle probing Jim tells you that he needs to be able to
generate $1 million a year before taxes in order to continue
supporting his lifestyle. Jim plans to invest the proceeds of the
sale in CD's and Treasuring Bills, which will yield 4%-5% return
to protect his capital and generate retirement cash flow. Jim is
also concerned that if he and his wife start to travel and buy a
home in the mountains, their spending may actually increase,
rather than decrease in retirement. Assume Jim's business sells
for $12 million in a stock sale. Assume that he receives 80% of
the purchase price at closing and the rest in the form of a seller
note. The note has a term of four years and bears an annual
Need Writing 📝Help? We've Got You Covered! ✍️
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EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification
Exam
Course Title and Number: CEPA Exit Planning Advisor
Certification
Exam Title: CEPA Certification Exam
Exam Date: Exam 2025- 2026
Instructor: ____ [Insert Instructor’s Name] _______
Student Name: ___ [Insert Student’s Name] _____
Student ID: ____ [Insert Student ID] _____________
Examination
Time: - ____ Hours: ___ Minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you have completed
the Exam.
6. This test has a time limit, The test will save and submit automatically when the
time expires
7. This is Exam which will assess your knowledge on the course Learning
Resources.
Good Luck……...!
, For Inquiries🤔 about This or 📑Any Other Exam
📱Hit Me UP__ Inbox Open 24/7 – 365 …...!!!!
💬 Chat with us here: 📧
Ctrl + Click Here To ✅ORDER NOW ✅ Follow Link
✅ ORDER NOW ✅ 🎓 TO GET INSTANT EXPERT HELP 🎓 ✅ ORDER NOW ✅
CEPA Comprehensive Exit Planning Institute EPI
Mastery Exam Review Questions & Answers Covering
All Exam Domains |100% Pass Guaranteed | Graded A+ |
2025- 2026
EPI Exit Planning Institute
CEPA Certified Exit Planning Advisor Certification Exam
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Assume your client Jim, owns a company that manufactures
heavy duty steel shelving for warehouse and distribution
centers. Jim is 70 years old. One of his goals is to maximize the
selling price of his company at the time of sale. The company
has revenues of $18 million and pre-tax income of $2 million.
The company has no debt and all of its assets have been fully
depreciated. Jim pays himself a salary of $1 million. A buyer
couple hires a CEO to do Jim's job for approximately $250,000.
Jim's wife, Sarah, is 60 years old and is listed on the payroll as
office manager, but she only comes into the office once every
couple of weeks. Sarah receives a salary of $75,000. Jim and
his wife expense approximately $80,000 in personal items
through the business. Assume that buyers of companies like
this expect a 25% rate of return on their investments. What is
the best earnings stream to use to value this company -
=Answer>> Adjusted EBITDA
Assume your client Jim, owns a company that manufactures
heavy duty steel shelving for warehouse and distribution
centers. Jim is 70 years old. One of his goals is to maximize the
selling price of his company at the time of sale. The company
has revenues of $18 million and pre-tax income of $2 million.
The company has no debt and all of its assets have been fully
depreciated. Jim pays himself a salary of $1 million. A buyer
Need Writing 📝Help? We've Got You Covered! ✍️
100% NO A I or Plagiarism Guaranteed🎯
💬 Chat with us here: 📧
, For Inquiries🤔 about This or 📑Any Other Exam
📱Hit Me UP__ Inbox Open 24/7 – 365 …...!!!!
💬 Chat with us here: 📧
couple hires a CEO to do Jim's job for approximately $250,000.
Jim's wife, Sarah, is 60 years old and is listed on the payroll as
office manager, but she only comes into the office once every
couple of weeks. Sarah receives a salary of $75,000. Jim and
his wife expense approximately $80,000 in personal items
through the business. Assume that buyers of companies like
this expect a 25% rate of return on their investments. What
multiple of adjusted earnings should be used to determine the
selling pri - =Answer>> Jim should not set the selling price of the
business in advance. Rather, he should let the market
determine the selling price through a controlled auction
Assume your client Jim, owns a company that manufactures
heavy duty steel shelving for warehouse and distribution
centers. Jim is 70 years old. One of his goals is to maximize the
selling price of his company at the time of sale. The company
has revenues of $18 million and pre-tax income of $2 million.
The company has no debt and all of its assets have been fully
depreciated. Jim pays himself a salary of $1 million. A buyer
couple hires a CEO to do Jim's job for approximately $250,000.
Jim's wife, Sarah, is 60 years old and is listed on the payroll as
office manager, but she only comes into the office once every
couple of weeks. Sarah receives a salary of $75,000. Jim and
his wife expense approximately $80,000 in personal items
through the business. Assume that buyers of companies like
this expect a 25% rate of return on their investments. What is
the ball park value (no need to do a discounted cash flow
analysis) fo - =Answer>> A
$11,620,000
Assume your client Jim, owns a company that manufactures
heavy duty steel shelving for warehouse and distribution
centers. Jim is 70 years old. One of his goals is to maximize the
selling price of his company at the time of sale. The company
has revenues of $18 million and pre-tax income of $2 million.
The company has no debt and all of its assets have been fully
depreciated. Jim pays himself a salary of $1 million. A buyer
couple hires a CEO to do Jim's job for approximately $250,000.
Jim's wife, Sarah, is 60 years old and is listed on the payroll as
Need Writing 📝Help? We've Got You Covered! ✍️
100% NO A I or Plagiarism Guaranteed🎯
💬 Chat with us here: 📧
, For Inquiries🤔 about This or 📑Any Other Exam
📱Hit Me UP__ Inbox Open 24/7 – 365 …...!!!!
💬 Chat with us here: 📧
office manager, but she only comes into the office once every
couple of weeks. Sarah receives a salary of $75,000. Jim and
his wife expense approximately $80,000 in personal items
through the business. Assume that buyers of companies like
this expect a 25% rate of return on their investments. What
would you advise Jim to expect in terms of a reasonable
transaction struc - =Answer>> Impossible to say
Jim has told you he would like to sell his company next year.
Jim has also confided in you that he isn't sure that the value of
the business will be enough for him to retire comfortably. After
gentle probing Jim tells you that he needs to be able to
generate $1 million a year before taxes in order to continue
supporting his lifestyle. Jim plans to invest the proceeds of the
sale in CD's and Treasuring Bills, which will yield 4%-5% return
to protect his capital and generate retirement cash flow. Jim is
also concerned that if he and his wife start to travel and buy a
home in the mountains, their spending may actually increase,
rather than decrease in retirement. Assume Jim's business sells
for $12 million in a stock sale. Assume that he receives 80% of
the purchase price at closing and the rest in the form of a seller
note. The note has a term of four years and bears an annual
interest at 10%. Jim's company is a sub-S - =Answer>>
$1,440,000
Jim has told you he would like to sell his company next year.
Jim has also confided in you that he isn't sure that the value of
the business will be enough for him to retire comfortably. After
gentle probing Jim tells you that he needs to be able to
generate $1 million a year before taxes in order to continue
supporting his lifestyle. Jim plans to invest the proceeds of the
sale in CD's and Treasuring Bills, which will yield 4%-5% return
to protect his capital and generate retirement cash flow. Jim is
also concerned that if he and his wife start to travel and buy a
home in the mountains, their spending may actually increase,
rather than decrease in retirement. Assume Jim's business sells
for $12 million in a stock sale. Assume that he receives 80% of
the purchase price at closing and the rest in the form of a seller
note. The note has a term of four years and bears an annual
Need Writing 📝Help? We've Got You Covered! ✍️
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