A multinational food and beverage company International Beverage Ltd. is considering to make a bid for publicly traded nut grower, Direct Nut Ltd. International Beverage Ltd. approached the investment bank to come up with the projections of earnings for Direct Nut Ltd. Following are the estimates of the rates for the planning period of 2 years. The analyst at the investment bank followed a prospective analysis and some qualitative research to come up with the following estimates: - Year 1 2.5% Year 2 4.5% 33% 25% 34% 25% Year 0 Growth rate in Sales NA revenues (y-o-y) Gross Profit Margin 32.9% SG&A expense/Sales 25.4% revenue Depreciation NetPPEt-1 10% Net Working capital 4.4 turnover Net PPE turnover 1.75 Tax rate 35% 10% 5 10% 5.2 1.8 35% 1.9 35% The growth rate in Sales revenues of 2.5% in Year 1 is a growth rate from Year Oto Year 1. The growth rate in Sales revenues of 4.5% is the growth rate from Year 1 to Year 2. Net Working Capital Turnover. Sales revenue/Net Working capital Net PPE Tumover: Sales revenue/Net PPE Depreciation/ Net PPE: Depreciation/ Beginning period Net PPE Sales revenue at Year 0 = $150 million. There is no debt and interest payments Beginning period Net PPE for Year O is $85 million. Project the following parameters in the Profit & Loss statement for Year O, Year 1 and Year 2; Sales Revenue , Gross Profit, EBITDA, Depreciation & Net Profit