Build a financial model on the following; template. Assume that the WACC is 20% Also assume the debt and equity remain the same. The FCF long-term growth rate is the same as the sales growth rate. (You may want to copy the table into Excel.) Michael F. Price College of Business @ University of Oklahoma Value the company's equity. The model in Part A includes cost of goods sold but not selling, general, and administrative (SG & A) expenses. Suppose that the firm has $200 of these expenses each year, irrespective of the level of sales. Change the model to accommodate this new assumption. Show the resulting income statements, balance sheets, the free cash flows (FCF), and the valuation. Build a data table in which you show the sensitivity of the equity value to the level of SG A. Let SG & A vary from so per year to $600 per year. Back to Part A. Suppose that the fixed assets at cost follow the following step function: Fixed Assets at Cost = {100% * Sales 1, 200 + 90% *(Sales - 1, 200) L380 + 80% * (Sales - 1, 400) Sales > 1, 400 if Sales lessthanorequalto 1, 200 1, 200 1, 400 if Sales lessthanorequalto 1, 200 1, 200