consider P. Ltd, a one-asset firm with no liabilities. Assume that the asset will generate end-of-year cash flows of $100 each year for three years and then will have zero value. The interest rate in the economy is 10%.

Question: 1.prepare the b/s, and i/s for year 1, year2, and year 3.

2. if the firm has one more asset. the asset will generate end of year cash flows of $200 each year for three years and then will have zero value. the interest rate in the economy is 10%, prepare the b/s, and i/s for year 1, year2, and year 3.