B D ompany name ompany ticker unit of Fox Corporation FOX million Wear 2019 2018 Operating Income or Loss, or EBIT tax rate (= tax/income before tax) 2,431 26.12% 2,215 -2.67% Net Income 1,595 1,995 1,967 1,129 1,833 1,180 3,096 3,013 1,313 1,169 Receivables Inventory Accounts Payable 5 noncash WC 7 8 Fixed assets, or net PPE 9 20 Short-term Debt 21 Long-term Debt 22 Total Debt 23 24 Equity 25 26 Capital 0.00 6,751 6,751 0.00 0.00 0.00 9,947 9,594 16,698 9,594 28 29 30 31 32 33 34 35 25 37 38 39 inputs FCFF & FCFE + Name: Estimate tree cash flows and returns Fill in the blue color calls Use the given inputs in the previous worksheet to do the calculations. Turn in this file to Canvas "Assignments" Firm's perspective 2019 1,796 Year EBIT(1-t) Change in fixed assets Change in noncash WC FCFF 83 ROC 13.66% capital is calculated as: average of 2 years' capital 2019 10 11 12 Cash flow to firm 13 14 Return 15 16 17 Equity's perspective 18 19 20 21 22 Cash flow to equity 23 | 24 Return 25 26 27 28 Year Net Income Change in fixed assets Change in noncash WC Increase in total debt FCFE ROE equity is calculated as: average of 2 years' equity 30 31 32 33 35