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Please show all work without excel! Thanks Coolidge Cola is forecasting the following income statement information: Sales of $54,000,000, operating costs excluding depreciation of $20

Please show all work without excel! Thanks

Coolidge Cola is forecasting the following income statement information:

Sales of $54,000,000, operating costs excluding depreciation of $20 million, interest expense of $7 million, dividends of $1 million, depreciation and amortization of $16 million and overhead/administration costs of $4,000,000. The tax rate is 30 percent and required return is 12 percent. Furthermore, capital expenditures will be $5 million and NOWC will increase by $2,000,000.

  1. Find Earnings before Interest and Taxes.
  2. Find the companys free cash flow.

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