A,b,c,d,e,f pls. This is the full question

Net sales $200.0 -1000 125.0 -30.0 -175.0 175.0 -700 -175 -15.0 75.0 13 62.5 -3.5 59.0 -3.5 MINICASE SoftTec Products Company The SoftTec Products Company is a successful, small, rapidly growing, closely held corporation. The equity owners are considering selling the firm to an outside buyer and want to estimate the value of the firm. Following is last year's in- come statement (2013) and projected income statements for the next four years (2014-2017). Sales are expected to grow at an annual 7 percent rate beginning in 2018 and continuing thereafter. ACTUAL PROJECTED IS THOUSANDS 2013 2014 2015 2016 2017 $150.0 $250.0 $3000 $350.0 Cost of goods sold -750 -125.0 -1500 Gross profit 75.0 100.0 150.0 SG&A expenses -40.0 -500 -600 Depreciation -7.5 -10.0 -125 Earnings before interest and taxes 375 50.0 87.5 -3.5 -3.5 -35 Earnings before taxes 34.0 165 71.5 84.0 Taxus (40% rate) -- 13.6 -18.6 -236 728.6 -336 Net income $ 204 $ 279 $ 354 $ 429 $ 504 Selected balance sheet accounts at the end of 2013 were as follows. Net fixed assets were $50,000. The sum of the required cash, accounts receivable, and inventories accounts was $50,000. Accounts payable and accruals totaled $25,000 Each of these balance sheet accounts was expected to grow with sales over time. No changes in interest-bearing debt were projected, and there were no plans to issue additional shares of common stock. There are currently 10,000 shares of common stock outstanding. Data have been gathered for a comparable publicly traded firm in the same industry that Soft-Tec operates in. The cost of common equity for this other firm, Wakefield Products, was estimated to be 25 percent. Soft Tec has survived for a period of years. Management is not currently contemplating a major financial structure change and believes a single dis- count rate is appropriate for discounting all cash flows. A. Project Soft Tec's income statement for 2018. 3. Determine the annual increases in required net working capital and capital expenditures (CAPEX) for SoftTec for the years 2014 to 2018 Nowe Project annual operating free cash flows for the years 2014 to 2018 2. Estimate SoftTec's terminal value cash flow at the end of 2017 3. Estimate Soft Tec's equity value in dollars and per share at the end of 2013. SoftTec's management was wondering what the firm's equity value (dollar amount and on a per-share basis) would be if the cost of equity capital were only 20 percent. Recalculate the firm's value using this lower discount rate Wow assume that the $36.000 in ongeloomband Steatere Teresa expensoat 10 percent) is expected to grow Dates Reciculate osutside the righal penent discoustrate Net sales $200.0 -1000 125.0 -30.0 -175.0 175.0 -700 -175 -15.0 75.0 13 62.5 -3.5 59.0 -3.5 MINICASE SoftTec Products Company The SoftTec Products Company is a successful, small, rapidly growing, closely held corporation. The equity owners are considering selling the firm to an outside buyer and want to estimate the value of the firm. Following is last year's in- come statement (2013) and projected income statements for the next four years (2014-2017). Sales are expected to grow at an annual 7 percent rate beginning in 2018 and continuing thereafter. ACTUAL PROJECTED IS THOUSANDS 2013 2014 2015 2016 2017 $150.0 $250.0 $3000 $350.0 Cost of goods sold -750 -125.0 -1500 Gross profit 75.0 100.0 150.0 SG&A expenses -40.0 -500 -600 Depreciation -7.5 -10.0 -125 Earnings before interest and taxes 375 50.0 87.5 -3.5 -3.5 -35 Earnings before taxes 34.0 165 71.5 84.0 Taxus (40% rate) -- 13.6 -18.6 -236 728.6 -336 Net income $ 204 $ 279 $ 354 $ 429 $ 504 Selected balance sheet accounts at the end of 2013 were as follows. Net fixed assets were $50,000. The sum of the required cash, accounts receivable, and inventories accounts was $50,000. Accounts payable and accruals totaled $25,000 Each of these balance sheet accounts was expected to grow with sales over time. No changes in interest-bearing debt were projected, and there were no plans to issue additional shares of common stock. There are currently 10,000 shares of common stock outstanding. Data have been gathered for a comparable publicly traded firm in the same industry that Soft-Tec operates in. The cost of common equity for this other firm, Wakefield Products, was estimated to be 25 percent. Soft Tec has survived for a period of years. Management is not currently contemplating a major financial structure change and believes a single dis- count rate is appropriate for discounting all cash flows. A. Project Soft Tec's income statement for 2018. 3. Determine the annual increases in required net working capital and capital expenditures (CAPEX) for SoftTec for the years 2014 to 2018 Nowe Project annual operating free cash flows for the years 2014 to 2018 2. Estimate SoftTec's terminal value cash flow at the end of 2017 3. Estimate Soft Tec's equity value in dollars and per share at the end of 2013. SoftTec's management was wondering what the firm's equity value (dollar amount and on a per-share basis) would be if the cost of equity capital were only 20 percent. Recalculate the firm's value using this lower discount rate Wow assume that the $36.000 in ongeloomband Steatere Teresa expensoat 10 percent) is expected to grow Dates Reciculate osutside the righal penent discoustrate