3. The last year's sales is $3,000 and the expected sales growth is $300. The firm has an EBIT of $500, a tax rate of 30%. It purchased $700 fixed assets and had a depreciation of 600. The change in working capital is $100 and after using pro forma income statement, you found that net income margin would be 10% and the firm is expected to hold 40% debt ration in the foreseeable period. Forecast FCFF 3. The last year's sales is $3,000 and the expected sales growth is $300. The firm has an EBIT of $500, a tax rate of 30%. It purchased $700 fixed assets and had a depreciation of 600. The change in working capital is $100 and after using pro forma income statement, you found that net income margin would be 10% and the firm is expected to hold 40% debt ration in the foreseeable period. Forecast FCFF