e. Use the following assumption to answer the question below: (1) Operating ratios remain unchanged. (2) Sales will grow by 10%, 8%, 5% and 5% for the next four years. (3) The target weighted average cost of capital (WACC) is 9% This is the no charge scenario because operations remained unchanged.

(1) for each of the next four years, forecast the following items: sales, cash, accounts receivable, inventories, net fixed assets, accounts payable & accruals, operating cost (excluding depreciation), depreciation, and earnings before interest and taxes (EBIT).