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A) Develop common size (percentages) income statements and balance sheets. B) Use the percentages to develop pro-forma income statements and balance sheets. C) Use the

A) Develop common size (percentages) income statements and balance sheets.

B) Use the percentages to develop pro-forma income statements and balance sheets.

C) Use the pro-formas to develop free cash flows for Aquarius. The free cash flow formula is (Revenues - Costs - Depreciation)(1-corporate tax r

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