Pro-Forma:
Assumption:
Debt is the Plug
Sales Growth:	24.00%
Tax Rate:	43.00%
L-T Interest:	7.00%
COGS/SGA per Sales:	60.00%
Current Assets per Sales:	10.00%
Current Liabilities per Sales:	80.00%
Fixed Assets per Sales:	70.00%
Dividend Payout:	50.00%
Depreciation Periods:	0	years
Number of Years in Analysis:	5	years
Income Statement:
YEAR:	0	1	2	3	4	5
Sales:	$ 3,100.00
COGS and SGA:	$ 2,340.50
Depreciation Expense:	$ 186.00
EBIT:	$ 573.50
Interest Expense:	$ 69.06
EBT:	$ 504.44
Taxes:	$ 216.91
Net Income:	$ 287.53
Dividend:	$ 112.14
Paid to Retained Earnings:	$ 175.39
Assets:
Current Assets:	$ 403.00
Fixed Assets:	$ 3,348.00
Acc Depreciation:	$ 372.00
Net Fixed Assets:	$ 2,976.00
Total Assets:	$ 3,379.00
Liabilities and Equity:
Current Liabilities:	$ 356.50
L-T Debt:	$ 812.50
Total Liabilities:	$ 1,169.00
Stock:	$ 1,105.00
Retained Earnings:	$ 1,105.00
Total Equity:	$ 2,210.00
Total L and E:	$ 3,379.00
Cash Flow from Operations:
Change in NWC:
Change in Fixed Assets:
Cash Flow from Assets:
Free Cash Flow:
Cash Flow to Creditors:
Cash Flow to Shareholders: