explain please im a little comfused

Financial Planning The Cambridge Company Follow these steps Income Statement: 1) Enter a formula for Er 2) Enter a formula for interest expense 3) Cakculate FHT, Taxes, and NI Nobce the interest experse is zero, because noht now debt is zeral Balance Sheet: 1) Enter a formula for Equity 3) Enter a formula for Debt Notice the interest expense is no longer zero, becouse now we have a debt balance! Since interest expense is dependent upon debt, which itself is dependent upon interest expense (through net income). Excel must make several iterations to calculate the solution. To set the work sheet for more than one iteration: Click on Files, Options, and then Formulas. From the Formulas tab check iterations and select 100 iterations