[Q: 16-7246294] Flow-to-Equity Valuation. A restaurant chain estimates that annual sales will be $1.424 million, annual cost of goods sold will be $755,000, and annual general and administrative costs will be $420,000. It has a debt-equity ratio of 0.39 and makes interest payments of $44,000 at the end of each year. These cash flows are expected to remain the same forever. The firm's cost of levered equity is 15% and it faces a corporate tax rate of 25%. Part A: Fill in the following portion of the income statement. Round each value to the nearest integer. Use the rounded value for the net income in Part B. Part B: Use the flow-to-equity approach to determine the value of the company's equity. Market value of the firm's equity (S): \$ (Round your answer to two decimal palces and use the rounded value in Part C). Part C: Determine the value of the firm's assets (VL). Value of the firm's assets (VL):$ (Round your answer to two decimal places)