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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%
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
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