1. Facebook, Inc. (Meta Platforms, Inc.) forecasts the following financial statements for the upcoming fiscal year ending December 31, 2024:
   • Net Sales Projection: $40,000,000
   • Cost of Goods Sold Projection: $20,000,000
   • Operating Expenses Projection: $15,000,000
   • Depreciation Expense Projection: $2,000,000
   • Interest Expense Projection: $1,500,000
   • Income Tax Expense Projection: $5,000,000
   • Beginning Total Assets: $200,000,000
   • Beginning Total Liabilities: $80,000,000
   • Beginning Shareholders' Equity: $120,000,000

a. Forecast Facebook, Inc.'s Net Income for the fiscal year. b. Estimate Facebook, Inc.'s Ending Total Assets, Total Liabilities, and Shareholders' Equity. c. Calculate Facebook, Inc.'s Projected Operating Cash Flow (OCF) and Free Cash Flow (FCF). d. Discuss potential strategies Facebook, Inc. could implement to improve its profitability ratios based on the projections. e. Analyze the impact of Facebook, Inc.'s projected financial statements on its stock price valuation.