Download CFI_-_FMVA_Final_Assessment_Case_Study_2A_.xlsx, take all provided assumptions as given to complete the financial model and answer the following 7 questions. StartupCo commenced operations at the beginning of 2020. $125 million of equity was raised to fund the purchase of equipment as well as for general corporate purposes. As part of its business planning process, a 5-year forecast was developed (Base Case) as well as upside and downside scenarios (High and Low Cases, respectively). At the end of 2020, StartupCo issued $150 million of 5-year debt, repayable in equal annual installments at the end of each year, to finance its future capital program. 1 Using the Base Case, calculate net earnings for 2021E.

$7,725

$7,163

$6,600

$5,250