The cash flow sweep, revolver sweep, and senior debt sweep formulas in the three statement model are used to determine the allocation of excess cash to pay down debt. Which of the following statements about these formulas is FALSE? The cash flow sweep formula calculates the amount of cash available to be swept to pay down debt, based on the cash available and the sweep percent. The revolver sweep formula calculates the amount of the total sweep that will be applied to the revolver balance, based on the total sweep amount and the revolver beginning balance. The senior debt sweep formula calculates the amount of the total sweep that will be applied to the senior debt balance, based on the total sweep amount, cash swept to revolver, and senior debt beginning balance plus mandatory payments. The senior debt amortization formula calculates the mandatory payment for the senior debt based on the total sweep amount and the amortization percent