The following sheet presents the balance sheet and value drivers of Yummy Company, which manufactures a very special tomato sauce.

Yummy Company, Financial Model
Value Drivers
Sales growth	12%
Current assets/Sales	22%
Current liabilities/Sales	20%
Net fixed assets growth rate	5%
Cost of goods sold/sales	45%
Depreciation rate (of average fixed assets at cost)	20%
interest rate on debt	8%
interest earned on cash balances	4%
tax rate	36%
dividend payout ratio	25%
sales	2000000
WACC	16%
long term FCF growth rate	4%
Balance sheet
Cash	460000
Current assets	440000
Fixed Assets
At cost	4000000
Depreciation	500000
Net fixed assets	3500000
total assets	4400000
Current liabilities	400000
Debt	3000000
Stock (1500000 shares, issued at $0.5 each)	750000
accumulated retained earnings	250000
Total Liabilities + Equity	4400000

Additional model assumptions are as follows:

• The FCF evaluation is for a 5-year period. In addition, a terminal value should be determined using the long-term FCF growth rate.
• The debt principal repayments are $300,000 each year.
• Cash is a plug in the model.

1. Make a pro forma model for Yummy and computer the firm value using a DCF valuation model with year-end discounting. (9 points) (Firm value: -2206428.553; stock price: -3.16)

2. Show in a graph the sensitivity of the enterprise value to the growth in sales; (8 points)

c. Show in a graph the sensitivity of the enterprise value to the companys WACC. (8 points)

Please show all steps and formulas in Excel.