INCOME STATEMENT Year 0 Year 1 Revenue 5,625.0 5,825.0 Cost of goods sold 3,375.0 3,495.0 Gross profit 2,250.0 2,330.0 Depreciation 393.8 407.8 Other expenses 1,406.3 1,456.3 Operating income (EBIT) 450.0 466.0 Interest Expense 281.3 291.3 Income before taxes 168.8 174.8 Provision for income taxes @ 21% 35.4 36.7 Net income 133.3 138.1 BALANCE SHEEET ASSETS Cash and marketable securities Short-Term Investments Receivables Inventories LIABILITIES AND EQUITY Notes Payable Accounts payable Accruals Year 0 Year 1 225.0 233.0 450.0 466.0 168.8 174.8 562.5 582.5 Total Current Assets 1,406.3 1,456.3 Net Fixed Assets 3,375.0 3,450.0 Total assets 4,781.3 4,906.3 112.5 116.5 506.3 524.3 393.8 407.8 Total current liabilities Long-term debt 1,012.5 1,048.5 295.1 305.1 Total liabilities 1,307.6 1,353.6 Common stock and additional paid-in capital 398.7 402.7 Retained earnings 3,075.0 3,150.0 Total stockholders' equity 3,473.7 3,552.7 Total liabilities and stockholders' equity 4,781.3 4,906.3 Diluted no. of shares Stock price Weighted Avg Cost of Capital (WACC) Dividend & repurchases per share 103.0 104.1 60.5 66.6 7.0% 7.0% 0.566 0.606