Forecasted FCFE for year 2023 is

	Actual	Forecast
	12/31/22	12/31/23
Sales	9500	10000
EBIT Margin		14.0%
EBIT	1200
Interest Rate on Average Debt		5%
Interest Expense	100
EBT	1100
Income Tax Rate		25.0%
Income Tax Expense	300
Net Income to Common	800
Total Assets Year End	5000	5000
Total Common Equity Year End	1000
Interest Bearing Debt Year End	2200	2600
Other Liabilities Year End	1600	1500
Sales/Ending Assets		2.0
Interest Bearing Debt/Assets		0.52
Other Liabilities/Assets		0.3

Question 1 options:

	1160
	1060
	1260
	960
	860
	760