Question 23 (1 point) On spreadsheet, forecast the company's cost of revenues for the next 5 years using a growth rate of 3%. Then from your forecast, what is the expected cost of revenue for the 5th year? 1) $96,208 2) $94,262 3) $83,750 4) None of the above Question 20 (1 point) Saved SPREADSHEET ANALYSIS & FORECASTING. FOR THIS AND THE NEXT 10 QUESTIONS. The following historical financial data (in millions of $) is for General Electric (source: www.morningstar.com). Note that forecasts should be made from the most current year of operations which, in this case, is 2014. Please be mindful of the fact that there may be slight rounding errors as you copy data into spreadsheet for analysis. Calculate the AVERAGE ANNUAL GROWTH RATE of the company's revenues from 2010 to 2014. Income Statement Revenue Cost of revenue Gross profit Total op expenses EBIT Interest expense Income before taxes Provision for income taxes Net income EPS Estimated tax rate 2010 $150,211 71,713 $78,498 48.307 $30,191 15,983 $14,208 1,050 $13,158 $1.06 7% 2011 $147.300 68,278 $79,022 44,379 $34,643 14,545 $20,098 5,732 $14,366 $1.23 29% ACTUAL 2012 2013 $147.359 $146,045 74,310 77,141 $73,049 $68,904 43,135 42,637 $29,914 $26,267 12,508 10.116 $17,406 $16,151 2,504 676 $14,902 $15,475 $1.29 $1.27 14% 496 2014 $148,589 81,311 $67,278 40,567 $26.711 9,482 $17.229 1,772 $15,457 $1.50 1096