The Battle For Value:
Fedex Vs. UPS, inc., 2004
Case Study Solution
Please note that there are 2 versions of the Battle for Value: FedEx vs
UPS.  There is a 1995 and 2004 version.  This is the 2004 version.  

This case study solution includes a 900+ word solution, and 4
financial exhibits.  The 4 financial exhibits are:
1.  WACC for UPS and FedEx
2.  Discounted Cash Flow (DCF) of FedEx
3.  DCF of UPS
4.  EVA for FedEx and UPS

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