Consider the following income statement and comparative balance sheet

.

The following additional information is provided:

• Revenue growth in 2022-2025: 6.0%
• Terminal growth: 2.5%
• Statutory tax rate (federal and state combined) for all years: 22.0%

Use the parsimonious forecasting method to forecast total revenue, NOPAT, and NOA for years 2022 through 2025 and the terminal period. Recall that the parsimonious method presumes that 2021 NOPAT and NOA (as a percentage of revenue) are used to forecast future amounts. Assume that all items on the 2021 income statement will persist. Enter your responses below. Do not round intermediate calculations.

$ millions2022202320242025Terminal PeriodRevenue: [ Select ] ["$110,853.3", "$105,003.9", "$123,004.6", "$125,004.7", "$128,700.3"] [ Select ] ["$132,505.0", "$104,202.1", "$133,962.6", "$130,384.9", "$140,455.3"] [ Select ] ["$140,455.3", "$143,264.4", "$138,348.5", "$97,949.9", "$153,284.1"] [ Select ] ["$148,882.6", "$146,500.5", "$167,284.5", "$92,072.9", "$151,562.5"] [ Select ] ["$150,468.2", "$154,893.8", "$152,604.7", "$182,563.8", "$86,548.6"] NOPAT: [ Select ] ["$30,708.6", "$41,293.2", "$42,543.2", "$38,955.8", "$32,208.7"] [ Select ] ["$45,095.8", "$43,770.8", "$44,646.2", "$41,809.4", "$34,141.2"] [ Select ] ["$47,801.5", "$46,397.0", "$36,189.7", "$46,783.6", "$46,907.4"] [ Select ] ["$49,795.6", "$49,180.8", "$38,361.0", "$48,393.9", "$50,669.6"] [ Select ] ["$51,040.4", "$49,502.9", "$50,410.3", "$51,936.4", "$39,320.1"] NOA: [ Select ] ["$74,974.4", "$68,454.9", "$76,881.0", "$81,493.9", "$78,803.0"] [ Select ] ["$79,472.8", "$86,383.5", "$83,531.2", "$72,562.1", "$80,773.1"] [ Select ] ["$84,241.2", "$91,566.5", "$76,915.9", "$88,543.1", "$82,792.4"] [ Select ] ["$89,295.7", "$97,060.5", "$84,862.2", "$93,855.7", "$81,530.8"] [ Select ] ["$86,983.8", "$91,528.0", "$109,815.0", "$99,487.0", "$83,569.1"] \begin{tabular}{lr} Income Statement - Meta Platforms (Facebook) & 12/31/2021 \\ (in millions) & $117,929.0 \\ Revenue & 22,649.0 \\ Cost of revenue & 24,655.0 \\ Research \& development expense & 14,043.0 \\ Marketing \& selling expense & 9,829.0 \\ General \& administrative expense & 46,753.0 \\ Income from operations & 461.0 \\ Interest income (expense) & 70.0 \\ Other income (expense) & 47,284.0 \\ Income before provision for income taxes & 7,914.0 \\ Provision for income taxes & $39,370.0 \\ \hline Net income \end{tabular}