Question 1 You make the following assumptions about BHPs 2022 income: - BHPs 2022 revenues will grow by the CAGR (compound annual growth rate) between 2019 and 2021. - BHPs 2022 EBIT ratio (EBIT/revenue) will be the average EBIT ratio between 2019 and 2021. - BHPs 2022 tax expense rate (tax expense/profit before tax) will be the average tax expense rate between 2019 and 2022. Assume that items in the consolidated statement of comprehensive income are unrelated to future income projections. What is your estimate of BHPs 2022 after-tax EBIT? Question 2 You make the following assumptions about BHPs 2022s depreciation and capital expenditures: - BHPs PP&E at the end of 2021 will be depreciated over the next 10 years to zero (no salvage value) using the straight-line method. - BHPs 2022 capital expenditures will be made at the start of the year and will be 10% of BHPs 2022 projected sales. BHPs capital expenditures from 2022 will be depreciated over the next 12 years to zero using the straight-line method. - No other considerations affect depreciation. What is your estimate of BHPs 2022 depreciation and capital expenditures?