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BASIC TEMPLATE PRO FORMA MODEL Question 4 (20 points) The exam template file gives the basic model. Make the following changes to this model: -

image text in transcribedimage text in transcribedimage text in transcribed BASIC TEMPLATE PRO FORMA MODEL Question 4 (20 points) The exam template file gives the basic model. Make the following changes to this model: - Cash balance formula: Casht=Max(Casht1200,0) - The firm wants to decrease the ratio of debt to total assets by 5% per year from the year 0 level. - Stock is the plug in the model. BASIC TEMPLATE PRO FORMA MODEL Question 4 (20 points) The exam template file gives the basic model. Make the following changes to this model: - Cash balance formula: Casht=Max(Casht1200,0) - The firm wants to decrease the ratio of debt to total assets by 5% per year from the year 0 level. - Stock is the plug in the model

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