1. Consider the following data. I/S 2015 2016 Sales (S) 1,200 1,320 (+10%) - Costs (C) (COGS & SG&A) 1,000 - EBITDA (EBIT) 200 -Interest -EBT Tax (T) NI Dividend . Plowback 20 180 40 140 40 100 B/S Assets (A) 2,000 Debt (D) 800 Equity (E) Common stock (CS) 1,200 . Retained earnings (RB) 800 400(+100) From these data, calculate the following ratios, showing all work: Margin (Cost) Turnover (TO) Interest Rate Tax Rate Leverage Assume that depreciation is included in "Costs". Using these ratios, calculate the I/S and B/S for 2016. Assume that the leverage remains constant (at 0.40). Assume the common stock remains constant (at 800), that is no new common stock is issued. 1. Continued a Using these data, calculate the cash flow to be discounted (CF) for 2016. b. Assuming that this CF increases by 10% per year indefinitely, what is the value of the company? (Use a discount rate (r) of 15%) C What is the dividend paid during 2016? What is the dividend yield? What is retained earnings (RE) at the end of 2016?