I am looking for assistance with these two papers. It is attached below. Please provide answer/references.

ACTIVITY 4 MF620 Financial Statement Development and Analysis Lesson 4: Long Term Financing Activity 4: Long Term Financing (4 pages, 100 points) Choose a publicly traded company on which to focus, modeled on the Walmart analysis in chapter 14. Part A Project an income statement for next year for the firm based on your assessment of revenue growth, key projected financial ratios, and any other key assumptions, making sure to justify any assumptions. Commented [KA1]: I recommend you select a company similar to Wal-Mart such as Target to complete your analysis. Much of the information provided about WalMart in your text will be applicable since Target is a direct competitor Commented [KA2]: A possible method to project income is through the use of Pro-Forma income statements. Please consult section 6.1 in your book to help you with this 1. What is your projection for net income and how does it compare with the previous year? 2. Based on your assessment of anticipated dividends, what is your projection for a change in retained earnings? Part B Project a balance sheet for next year for the firm based on your assessment of the change in retained earnings, key projected financial ratios, and any other key assumptions, making sure to justify any assumptions. Use external borrowing as your balancing \"plug.\" What is your assessment of the firm's financial needs? Commented [KA3]: This is covered in section 6.2 in the textbook Part C Based on your projection of financial needs, what recommendation would you make to the firmfor example, how to meet increased financing needs or what to do with excess financial capacity? Commented [KA4]: You make your recommendations based on the pro-forma statements you create. This will give you insight in the financing needs for the upcoming years. You may also want to include a discussion on sensitivity and scenario analysis in your discussion. Grading Rubric Please refer to the rubric on the following page for the grading criteria for this assignment. DISCUSSION QUESTION 5-1 MF620: Financial Statement Development and Analysis Lesson 5: Financing and Capital Structure Upon completion of the Required Readings, write a thorough, well-planned narrative answer to the following discussion question. Rely on your Required Readings and the Lecture and Research Update for specific information to answer the discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Your Discussion Question response should be both grammatically and mechanically correct, and formatted in the same fashion as the question itself. If there is a Part A, your response should identify a Part A, etc. In addition, you must appropriately cite all resources used in your responses and document in a bibliography using APA style. Discussion Question 1 (50 points) Respond to the following: 1. Explain why a hotel company might have a higher proportion of debt in its capital structure relative to a drug company. 2. According to Modigliani and Miller (M&M), in a world of perfect capital markets, what will be the expected equity return (or cost of equity) for a firm that has a cost of capital of 10 percent, a cost of debt of 6 percent, debt valued at $1.2 million, and equity valued at $1.0 million? 3. Suppose a firm has $10 million in debt that it expects to hold in perpetuity. If the interest rate is 7 percent and the corporate tax rate is 35 percent, what is the value of the interest tax shield? 4. What is the value of an all-equity firm that: has a dividend payout ratio of 100 percent, is expected to generate net income each year (forever) of $1 million, and has a required equity return (also the ROE) of 16 percent? Grading Rubric Please refer to the rubric on the following page for the grading criteria for this assignment