Please show all of your excel formulas and your answers. Thank you.

A B C D E F Income Statement for the Year Ending December 31 (Millions of Dollars) 28 Balance Sheets for December 31 (Millions of Dollars) c. Calculate the return on invested capital (ROIC=NOPAT/Total net operating capital) and the growth rate in free cash flow. What is the ROIC in the last year of the forecast? What is the long-term constant growth rate in free cash flow (gL is the growth rate in FCF in the last forecast period because all ratios are constant)? Do you think that Hensley's value would increase if it could add growth without reducing its ROIC? (Hint: Growth will add value if the ROIC > WACC/[1+WACC]). Do you think that the company will have a value of operations greater than its total net operating capital? (Hint: Is ROIC > WACC/[1+g ] ?) d Calcillate the ciurrent vals of nnerations (Hint- First calcillate the horiton vals at the and of the forecast nerind A B C D E F Income Statement for the Year Ending December 31 (Millions of Dollars) 28 Balance Sheets for December 31 (Millions of Dollars) c. Calculate the return on invested capital (ROIC=NOPAT/Total net operating capital) and the growth rate in free cash flow. What is the ROIC in the last year of the forecast? What is the long-term constant growth rate in free cash flow (gL is the growth rate in FCF in the last forecast period because all ratios are constant)? Do you think that Hensley's value would increase if it could add growth without reducing its ROIC? (Hint: Growth will add value if the ROIC > WACC/[1+WACC]). Do you think that the company will have a value of operations greater than its total net operating capital? (Hint: Is ROIC > WACC/[1+g ] ?) d Calcillate the ciurrent vals of nnerations (Hint- First calcillate the horiton vals at the and of the forecast nerind