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It is the end of 2023. You're a financial analyst working for Tesla Motors. The company is considering producing the new Model Z car and

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It is the end of 2023. You're a financial analyst working for Tesla Motors. The company is considering producing the new Model Z car and is predicting the following sales (in $ million). Assume all cash flows occur at the end of the year. COGS and SG\&A are expected to add up to 70% of sales. After 2028, production will end and the factory will shut down. To start production at the beginning of 2025, Tesla has to invest $200 million now and $100 million in 2024 to build a new factory. After completion at the end of 2024, the factory can be depreciated straight to zero over 10 years. The factory is expected to be worth $100 million at the end of 2028. Net working capital consists mainly of inventory of car components, minus some current liabilities. Net working capital is expected to be always 15% of sales, until the last year of the project when it will all be recouped. Tesla has a weighted average cost of capital of 15% and a marginal tax rate is 18%. Part 1 Open a spreadsheet with a blank tab and name it 'CF', for cash flows. Duplicate the table above and extend it to find the operating cash flow for each year. What is the operating cash flow for 2028 (in $ million)? Extend the spreadsheet to find net capital spending for each year. What is net capital spending for 2028 (in $ million)? Include the after-tax salvage value of the factory and enter it with the correct sign. Part 3 Attempt 1/10 for 10 pts. Extend the spreadsheet to find the change in net working capital for each year. What is the change in net working capital for 2028 (in \$ million)? Extend the spreadsheet to find the cash flow from assets for each year. What is the CFA for 2028 (in $ million)? Part 5 . Attempt 1/10 for 10 pts. What is the NPV of the project (in $ million)? Intro the yeat. shut dewn. Yars. The fachory in atsected to be woth 1400 malen at the end of achet. Part 1 Part 2 Menest tite for 10pbx. Part 3 cietw to ases on $ mitery? Part 4 Part 5 What is the keV of the project (n 8 mitiont

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