"PART II: Firm X is considering performing a considerable investment in year 2023. The value of Firm X (as of the end of 2022) if the investment is done is estimated at $302,551,408 Below is the Free Cash Flow, EBITDA and Interest Tax Shiold for 2023-2027 if the the exDansion is not done Assume a discount factor of 10% for the Free Cash Flows and the Continuation Value, and 8% for the Interest Tax Shield. Assume that the EBITDA Multiple is 2.5 . What is the Present Value (as of the end of December 2022) of the Free Cash Flows forecast of Firm X if the firm where not to do the expansion? QUESTION 17 What is the Present Value (as of the end of December 2022) of the Continuation Value forecast of Firm x if the firm where not to do the exdansion? QUESTION 18 What is the Present value (as of the end of December 2022) of the interest Tax shield forecast of Firm x if the firm where not to do the exDansion? "PART I: Use the following information on Company Y and perform pro-forma financial modeling using a planned expansion method to answers the following questions. To do this assume that the percentage values with respect to sales of the 2023 (i) costs except depreciation, (ii) cash and equivalents, (iii) accounts receivable, (iv) inventories, and (v) accounts payable wil remain fixed at their respective percentage values in 2022. Assume also that income tax will remain at 28% of the Pretax Income. Company Y selts a product for which in 2022 the total market size was of 1,000,000 units, of which Company Y owned a share of 20%. Both, the total market size and Company Y s market share are expected to grow at a 10% yearly rate for the next five years. The price of the product is $100 in 2022 and is expected to remain at that price for the next years. In 2022, the outstanding dobt of Company Y is $150,000, for which the company makos yoarly intorest paymonts of 7%. The executiven of Company Y are considoring making a significant capital investment in 2023 of $1,000,000 to purchase now machinery, The company plans to finance this investment with a 30-year loan that makes yearly interest payments equivalent to 7% of its principal. The principal is pad when the loan matures. The following tablo summarizes the dobt and interest payment of Company Y Currently, Company Y makes yearly expenditures on replacement capital investment of $15,000. If the company makes the planned expansion, it has been decided that it will continue making replacement capital investment of $15,000 until and including 2023; and starting in 2024 it will perform yearly expenditures on replacement capital investment of $100,000. The current and the planned expenditures on replacement of capital investment will be financed by the company s cash flow. The following table indicates for 2022 Company Y s values of i, opening book value, ii. capital investment, iii. depreciation, and iv. closing book value. The Table aiso indicates the 2023-2024 forecast values of capital depreciation if the planned expansion were to occur in 2023. Because no decision has yet been done about dividends, before making any balancing adjustments to the Balance Sheet, assume that these will be $0 in 2023. The following table contains Company Y s income statement for 2022 The following table contains Company Y s balance sheet for 2022. \begin{tabular}{|l|r|r|} \hline Total Liabilities & 2,150,000 & \\ \hline Stockholders' Equity. & & \\ \hline Starting Stockholders' Equity & 1,200,000 & \\ \hline Net Income & 5,010,300 & \\ \hline Dividends & 14,223,950 & \\ \hline Stockholders' Equity & 20,434,250 & \\ \hline Total Liabilities and Equity & 22,584,250 & \\ \hline \end{tabular} "PART II: Firm X is considering performing a considerable investment in year 2023. The value of Firm X (as of the end of 2022) if the investment is done is estimated at $302,551,408 Below is the Free Cash Flow, EBITDA and Interest Tax Shiold for 2023-2027 if the the exDansion is not done Assume a discount factor of 10% for the Free Cash Flows and the Continuation Value, and 8% for the Interest Tax Shield. Assume that the EBITDA Multiple is 2.5 . What is the Present Value (as of the end of December 2022) of the Free Cash Flows forecast of Firm X if the firm where not to do the expansion? QUESTION 17 What is the Present Value (as of the end of December 2022) of the Continuation Value forecast of Firm x if the firm where not to do the exdansion? QUESTION 18 What is the Present value (as of the end of December 2022) of the interest Tax shield forecast of Firm x if the firm where not to do the exDansion? "PART I: Use the following information on Company Y and perform pro-forma financial modeling using a planned expansion method to answers the following questions. To do this assume that the percentage values with respect to sales of the 2023 (i) costs except depreciation, (ii) cash and equivalents, (iii) accounts receivable, (iv) inventories, and (v) accounts payable wil remain fixed at their respective percentage values in 2022. Assume also that income tax will remain at 28% of the Pretax Income. Company Y selts a product for which in 2022 the total market size was of 1,000,000 units, of which Company Y owned a share of 20%. Both, the total market size and Company Y s market share are expected to grow at a 10% yearly rate for the next five years. The price of the product is $100 in 2022 and is expected to remain at that price for the next years. In 2022, the outstanding dobt of Company Y is $150,000, for which the company makos yoarly intorest paymonts of 7%. The executiven of Company Y are considoring making a significant capital investment in 2023 of $1,000,000 to purchase now machinery, The company plans to finance this investment with a 30-year loan that makes yearly interest payments equivalent to 7% of its principal. The principal is pad when the loan matures. The following tablo summarizes the dobt and interest payment of Company Y Currently, Company Y makes yearly expenditures on replacement capital investment of $15,000. If the company makes the planned expansion, it has been decided that it will continue making replacement capital investment of $15,000 until and including 2023; and starting in 2024 it will perform yearly expenditures on replacement capital investment of $100,000. The current and the planned expenditures on replacement of capital investment will be financed by the company s cash flow. The following table indicates for 2022 Company Y s values of i, opening book value, ii. capital investment, iii. depreciation, and iv. closing book value. The Table aiso indicates the 2023-2024 forecast values of capital depreciation if the planned expansion were to occur in 2023. Because no decision has yet been done about dividends, before making any balancing adjustments to the Balance Sheet, assume that these will be $0 in 2023. The following table contains Company Y s income statement for 2022 The following table contains Company Y s balance sheet for 2022. \begin{tabular}{|l|r|r|} \hline Total Liabilities & 2,150,000 & \\ \hline Stockholders' Equity. & & \\ \hline Starting Stockholders' Equity & 1,200,000 & \\ \hline Net Income & 5,010,300 & \\ \hline Dividends & 14,223,950 & \\ \hline Stockholders' Equity & 20,434,250 & \\ \hline Total Liabilities and Equity & 22,584,250 & \\ \hline \end{tabular}