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please help refill in the missing information using a spreadsheet and include cell references! Student instructions: Use the forecasting variables to complete the discounted free

please help refill in the missing information using a spreadsheet and include cell references!image text in transcribedimage text in transcribed

Student instructions: Use the forecasting variables to complete the discounted free cash flow forecast and valuation shown below. Enter formulas in the blanks where indicated to complate the ealculations needed. These incremental cash flows would require an initial $9,000,000 equipment investment. Terminal Cash flow would be an inflow of $1,000,000 (don't forget to add this in the end AFTER TAXES). Discount rate is highest Marginal Cost of Capital from the previous tab, but reinvestment rate is 11\%. Find NPV, IRR, MiRR. and Discounted Pavback. Barking Dog Corporation Years Ending December 31 \begin{tabular}{r|r|r|r|r|r|} \hline Operating Cash Flow & Actual Base Yr & & & & \\ 2021 & 2022 & Forecast & 2023 & 2025 \end{tabular} Cost of Goods Sold Gross profit Selling. general and administrative expenses 10% Revenues Earnings before interest, taxes, depr. \& amort. (EBITDA) \begin{tabular}{r|r|r|r|} 333.33% & 44.45% & 14.81% & 7.41% \\ \hline$2,696,399.67 & $3,332,345.50 & $4,295,711.13 & $5,766,406.54 \\ \hline \end{tabular} Depreciation and amortization usine MACRS Earnings before Interest and taxes (EBIT) No Interest payments now Federal and State Income Taxes (28%) Net Operating Profit After-Tax (NOPAT = EBIT Tax) Add Back Depreciation (EBIT - Tax) + Depreciation (Free Cash flows for the years) \begin{tabular}{|r|r|r|r|} \hline$754,991.91 & $933,056.74 & $1,202,799.12 & $1,614,593.83 \\ \hline$1,941,407.76 & $2,399,288.76 & $3,092,912.02 & $4,151,812.71 \\ \hline & & & \\ \hline$4,637,807.43 & $5,731,634.25 & $7,388,623.15 & $9,918,219.26 \\ \hline \end{tabular} At termination of the project: Sale of Fixed Asset, 2025 Capital Gain/Loss Tax Liability (Capital Gains tax of 20\%) FCF from termination of project Recover NOWC Annual Free Cash Flow from above $0.00$7,137,807.43$5,731,634.25$7,388,623.15$9,918,219.26 \begin{tabular}{r|r|} \hline Discount rate from WACC sheet \\ NPV \\ IRR \\ \hline MIRR At Reinvestment Rate of 11% & \\ \hline \end{tabular} Discounted Payback Present Value of Free Cash Flows + DNOWC @ WACC Net Cumulative Discounted Free Cash Flow Discounted Payback

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