Balance Sheet as of December 31st, 2018 2017 2018 2017 2018 Cash 2,000 3,000 Accounts Payable 00 500 Accounts Receivable 400 600 Notes Payable 7200 7500 Inventory 600 300 Long Term Debt 80 60 Long Term Investments 800 400 Common Stock 5000 4400 Intangible Assets 1,000 600 Additional Paid in capital Land 9,000 6,000 Retained Earnings 0 Buildings 1,400 4,400 Vehicles 1,500 1,800 Total 16,700 17,600 16,700 17,600 Details about Income is given as follows: Cash Sales for the year 10,000 Credit Sales for the year 5,000 Cash sales for the previous year (2017) 200 Credit sales for the previus year (2018) 800 Depreciation 100 cost of the sales for the year 8,000 Taxes 30% Interest expense 100 Interest income 100 Addition to Retained earnings 20% 1 Let's say company decides to take 40% of 2018's Retained Earnings and invest it into a Project_The cash inflows from this broject for 4 years will be: $1k, $2k, $4k and $8k. Discount rate is 5%%. What is the NPV and IRR? 2 Based on the above income figures and balance sheet, PREPARE THE pro forma financial statements