Determine two growth strategies forApple, Inc(one strategy shows organic growth, the other shows merger or acquisition).

Prepare financial projections using eVal or Financial Forecasting Model for the two growth strategies.The projections need to show the results of company operations following implementation of each strategy.

Then, a written analysis and recommendation for the growth strategy that is recommended for the selected company and defend the recommendation.

1. Explanation and Analysis of Assumptions and Results of the Projections for Organic Growth Strategy Explain the assumptions that are used in the projections.Discuss the results of the organic growth strategy along with its strengths and weaknesses.These data must be summarized in the table format provided below, which must be included and then discussed in the written analysis.

2. Explanation and Analysis of Assumptions and Results of the Projections for Merger or Acquisition Growth Strategy Explain how the balance sheets and income statements were combined and some initial observations about the financial statements of the combined company.Explain the assumptions that are used in the projections.Discuss the results of the merger/acquisition growth strategy along with its strengths and weaknesses.These data must be summarized in the table format provided below and then discussed in the written analysis.

3. Examination and Discussion of Comparison of Results of the Growth Strategies Compare and discuss the two growth strategies.This analysis should include an examination of the comparative strengths and weaknesses of the strategies.This analysis must include data that compare a number of indicators of performance (e.g., ratios, revenues, costs, profitability, growth, etc.)

These data must be presented in a table showing a comparison of the results of the two forecasts.The data in the tables are then to be discussed in the written analysis.Preparing a table comparing the resulting ratios is a good method to make the comparisons.

4. Recommendation and Justification of Most Appropriate Growth Strategy Recommend and justify which growth strategy is most appropriate for the company.

Table 1 eVal Assumptions for Organic Growth & Merger / Acquisition Strategies Company Name Apple, Inc Current Year Forecast Organic Growth Forecast Merger / Acquisition ...% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Income Statement Assumptions Sales Growth Cost of Goods Sold/Sales R&D/Sales SG&A/Sales Dep&Amort/Avge PP&E and Intang. Net Interest Expense/Avge Net Debt Non-Operating Income/Sales Effective Tax Rate Minority Interest/After Tax Income Other Income/Sales Ext. Items & Disc. Ops./Sales Pref. Dividends/Avge Pref. Stock Balance Sheet Assumptions Working Capital Assumptions Ending Operating Cash/Sales Ending Receivables/Sales Ending Inventories/COGS Ending Other Current Assets/Sales Ending Accounts Payable/COGS Ending Taxes Payable/Sales Ending Other Current Liabs/Sales Other Operating Asset Assumptions Ending Net PP&E/Sales Ending Investments/Sales Ending Intangibles/Sales Ending Other Assets/Sales Other Operating Liability Assumptions Other Liabilities/Sales Deferred Taxes/Sales Financing Assumptions Current Debt/Total Assets Long-Term Debt/Total Assets Minority Interest/Total Assets Preferred Stock/Total Assets Dividend Payout Ratio trategies Explanation of Assumptions