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a) Given the below data: What is the ending PPE balance for 2020? Please follow the BASE method to complete your calculation. (in thousand) 2019

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a) Given the below data: What is the ending PPE balance for 2020? Please follow the BASE method to complete your calculation. (in thousand) 2019 2020F Assumptions for 2020 Revenue 1,632,168 2,119,532 Revenue growth 15% Assume a revenue growth rate of 15% PPE Beginning Addition (Capex) Subtraction (Depreciation Ending Assume CAPEX is 3% of revenue Depreciation is 10% of beginning PPE 315,512 (4 marks)

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