Hi! I really need your help. The company that i chose is Apple Inc. So please use their recent 10-k report. I appreciate it.

Hi please let me know if i'm missing something. Thank you so much!

Signature Assignment - Capital Budgeting Course Project TABLE OF CONTENTS Overview Please note that this is an INDIVIDUAL project. You have recently assumed the role of CFO at your company. The company's CEO is looking to expand its operations by investing in new property, plant, and equipment. You are asked to do some capital budgeting analysis that will determine whether the company should invest in these new plant assets Signature Assignment Parameters By the end of Week 3 - select a company, download the most recent copy of the company's 10-K report, and submit your company choice to your professor for approval The parameters for the week 7 project deliverable are as follows: The firm is looking to expand its operations by 10% of the firm's net property, plant, and equipment (Calculate this amount by taking 10% of the property. plant, and equipment figure that appears on the firm's balance sheet.) The estimated ue of this new property, plant, and equipment will be 12 years. The salvage value of the equipment will be 5% of the property, plant and equipment's cost The annual EBIT for this new project will be 18% of the project's cost . The company will use the straight-line method to depreciate this equipment Also assume that there will be no increases in networking capital each year Use 35% as the tax rate in this project The hurdle rate for this project will be the WACC that you are able to find on a financial website, such as Gurufocus.com. If you are unable to find the WACC for a company, contact your instructor. He or she will assign you a WACC rate Signature Assignment Deliverables Prepare a narrated PowerPoint presentation that will highlight the following items Your calculations for the amount of property, plant, and equipment and the annual depreciation for the project Your calculations that convert the project's EBIT to free cash flow for the 12 years of the project The following capital budgeting results for the project Net present value Intemal rate of return > Discounted payback period. . Your discussion of the results that you calculated above, including a recommendation for acceptance or rejection of the project Once again, you may embed your Excel spreadsheets into your document. Be sure to follow APA standards for this project Appleine CONSOLIDATED STATEMENTS OF CASH FLOWS wions September 26 Younded September 21 2010 2012 September 20 2016 2929 57411 5520 50531 12.547 6.000 040) 10000 5.340 5.829 215 1444) 911 (127) 13 345 280 2.901 873 1931 20 0.010) 2.175 2001 8916 0674 14.00 38.449 77444 Cash, cash equivalents and resided cash begening balances Operating Net Income Autres reconcile net income we can gented by desting the Depreciation and more Share-based compensation expense Defend noneta benett Changes in operatings and abilities Account We Vendorons de recebe Other current and we Accounts payable Deferred revenue Other current and non current Cashewed by pering Indig advies Purchase of two Proceeds from matures of mature Proceeds from sales of martie secure Payments for action of property plant and courant Payments made in connection in business anguistars.net Purchases of non-markable securities Procede onoare More Cas generated by activities Parang active Proceeds from under como Payments for a related to the Payment for duidends and dividende Repurchases of common och Doods from cod. net Repayments of Repayments of commercial paper.net Other Cashed in financing actes Increase Decrease in cascashorts and rected cash Cash, cash equivalents and restricted as anong balances Supplemental cash flow down Cash paid for comment Cash paid for West (114 10 50.47 7.300 20 Q10 20.630) 10.102 560 (10:48 01,356) 56.301 47338 (13.313) (721) 1871 353 (745) 1000 1634 52 45000 16066 0 634 731 22.815) (14.119 0.07) 072 6091 (12.12 2.527 (13.712) 02.738 6.90 1.500) 3.105 202 20 10.495 5.624 90724 $ 2.501 30025 15253 10.417 3002 Appie in 2010 F30 Apple Inc. CONSOLIDATED BALANCE SHEETS in millions, except turber of shares which are reflected in thousands and par value) September 26, 2020 September 26 2019 ASSETS Current asset Cash and cash equivalent Marketable securities Accounts receivable.net Inventories Vendor non-trade recevables Omer currentes Total current seta 38.018 5 52.927 16,120 4.061 21,325 11,264 143,713 48.844 51713 22.926 4.106 22.878 12352 162.819 Non-current stats: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 100,887 36.765 42.522 180.175 323 8885 105.341 37 378 32978 175.697 338 516 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities Accounts payable Other current abilities Deferred revenue Commercial paper Term det Total current abilities 42.2985 42,684 6,643 4006 8.77 105.392 46.236 37.720 5.522 5.080 10.260 105.718 Non-current abilities Term det Other non-current abilities Total non-curront abilities Total abilities 98,667 54 490 153,157 258 549 91.807 50 503 142.310 24802 Commtments and contingencies Shareholders uity Common stock and additional pada capital, 90.00001 par value: 50.400.000 shares authorised, 16.978,763 respectively Retained earnings Accumulated other comprehensive income foss) Totat shareholders equity Totalities and shareholders' equity 50.779 14,966 1400) 65,339 323 888 45.174 45.898 (584 90.488 338 516 See accompanying Notes to Consolidated Financial Statements. Apple Inc. 2000 Form 10-K133 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS In millions, exceptrumber of shares which are reflected in thousands and persone amounts) Yearded September September 28 2020 2019 September 2010 Net sales Products Services Totalna 2207475 5370 274 515 213.5835 46.291 260.174 225.4 39.74 205.595 Cost of sales Products Services Total cost of Gross margin 151206 18273 160 SSD 104.956 144.900 16,786 161782 98.392 148.164 15.592 163.755 101839 18.752 19.916 16.217 58.245 34.482 14.236 16.705 20041 Operating expenses Research and development Selling general and administrative Total operating expenses Operating income Other income expense.net Income before provision for comme Provision for income taxes Net income 66280 803 67001 960 574115 1.8T 65.737 10.481 55 256 70. 2005 72.000 13372 59531 Earnings per share Basic Duted 3:31 3.28 2995 2:37 3.00 290 Share used in computing earnings per share Basic Dited 17.352.119 17.528.214 18,471,336 18.585,651 19.221.510 20,000 435 See accompanying Notes to Contested France Statements Leo tre 2020 Form 1013 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME in millions) September 3090 S7411 Years ended September 26 3019 55256 September 2018 S 531 (408) 525) 79 0254 061) 23 523 38 906 Net Income Other comprehensive income Change in foreign currency translation of Change in un realized gainstosses on valve instruments, net of tac Change in far value of derivatives Adustinent for et gansylosses realized and included in net income Total change in realized gainalosses on derivative Instruments Change in realed inslows on martable de securities, net of tax Change in far value of marketable de securities Adjustment for et ses and included in net income Tot change nuwe gainstones on table de securities Total other comprehensive income) Total comprehensive Income 3,407 1202 16) 3.00 25 1827 0.406) 271 0.000) 574535 58 037 56.505 See accompanying Notes to Consolidated Financial Statements. Aon in 2020 Form 10-6122 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions except per share amounts) Years and September 20 , 2019 107 107 September 20 2018 134.047 35 36 4020: 781 2.002) 6,1 45 174 17780 SU 10 201 September 20 2020 Total shareholders equity, beginning balances 90,658 Common stock and additional paid.in capite Beginning balance 45, 174 Common stock inued 880 Common stock withheld related to not share settlement of equity anda 2.250) Share-based compensation 6.975 Ending balances SO 770 Retained earnings Beginning balance 45,898 Net income 51 411 Dividends and dividend equivalents declared (14.087 Common stock withheld related to not share cattlement of equity awarda (1604 Common stock repurchased (72.546) Cumulative effects of changes in accounting principles (136 Ending balances 14 Accumulated other comprehensive income foss) Beginning balance 1564) Other comprehensive income.lons) 42 Cumulative effects of changes in counting principles 136 Ending balances (406) Total shareholders guty ending balances es 330 Dividends and dividend equivalents declared per share or RSU 5 0.7955 See accompanying Notes to Consoldated Financial Statements 70.400 55.250 (14.129) (1.029) (67.101) 2.500 98330 Sa (13.735 30 73.056) 278 70.400 (150) 025 (3.454) 2.781 89 564 90488 TO SET 0.755 Apple Inc. 2020 Form 10K 134