The Henley Corporation is a privately held company specializing in lawn care products and services. The most recent financial statements are shown below.
Income Statement for the Year Ending December 31 (Millions of Dollars)
	2012
Net Sales	$ 800.0
Costs (except depreciation)	$ 576.0
Depreciation	$ 60.0
Total operating costs	$ 636.0
Earning before int. & tax	$ 164.0
Less interest	$ 32.0
Earning before taxes	$ 132.0
Taxes (40%)	$ 52.8
Net income before pref. div.	$ 79.2
Preferred div.	$ 1.4
Net income avail. for com. div.	$ 77.9
Common dividends	$ 31.1
Addition to retained earnings	$ 46.7
Number of shares (in millions)	10
Dividends per share	$ 3.11
Balance Sheets for December 31 (Millions of Dollars)
Assets	2012		Liabilities and Equity		2012
Cash	$ 8.0		Accounts Payable		$ 16.0
Marketable Securities	20.0		Notes payable		40.0
Accounts receivable	80.0		Accruals		40.0
Inventories	160.0		Total current liabilities		$ 96.0
Total current assets	$ 268.0		Long-term bonds		$ 300.0
Net plant and equipment	600.0		Preferred stock		$ 15.0
Total Assets	$ 868.0		Common Stock (Par plus PIC)		$ 257.0
			Retained earnings		200.0
			Common equity		$ 457.0
			Total liabilities and equity		$ 868.0
Projected ratios and selected information for the current and projected years are shown below.
Inputs	Actual	Projected	Projected	Projected	Projected
	2012	2013	2014	2015	2016
Sales Growth Rate		15%	10%	6%	6%
Costs / Sales	72%	72%	72%	72%	72%
Depreciation / Net PPE	10%	10%	10%	10%	10%
Cash / Sales	1%	1%	1%	1%	1%
Acct. Rec. / Sales	10%	10%	10%	10%	10%
Inventories / Sales	20%	20%	20%	20%	20%
Net PPE / Sales	75%	75%	75%	75%	75%
Acct. Pay. / Sales	2%	2%	2%	2%	2%
Accruals / Sales	5%	5%	5%	5%	5%
Tax rate	40%	40%	40%	40%	40%
Weighted average cost of capital (WACC)	10.5%	10.5%	10.5%	10.5%	10.5%
a. Forecast the parts of the income statement and balance sheets necessary to calculate free cash flow.
Partial Income Statement for the Year Ending December 31 (Millions of Dollars)
	Actual	Projected	Projected	Projected	Projected
	2012	2013	2014	2015	2016
Net Sales	$ 800.0	x	x	x	x
Costs (except depreciation)	$ 576.0	x	x	x	x
Depreciation	$ 60.0	x	x	x	x
Total operating costs	$ 636.0	x	x	x	x
Earning before int. & tax	$ 164.0	x	x	x	x
Partial Balance Sheets for December 31 (Millions of Dollars)
	Actual	Projected	Projected	Projected	Projected
Operating Assets	2012	2013	2014	2015	2016
Cash	$ 8.0	x	x	x	x
Accounts receivable	$ 80.0	x	x	x	x
Inventories	$ 160.0	x	x	x	x
Net plant and equipment	$ 600.0	x	x	x	x
Operating Liabilities
Accounts Payable	$ 16.0	x	x	x	x
Accruals	$ 40.0	x	x	x	x
b. Calculate free cash flow for each projected year. Also calculate the growth rates of free cash flow each year to ensure that there is constant growth (i.e., the same as the constant growth rate in sales) by the end of the forecast period.
	Actual	Projected	Projected	Projected	Projected
Calculation of FCF	2012	2013	2014	2015	2016
Operating current assets	x	x	x	x	x
Operating current liabilities	x	x	x	x	x
Net operating working capital	x	x	x	x	x
Net PPE	x	x	x	x	x
Net operating capital	x	x	x	x	x
NOPAT	x	x	x	x	x
Investment in operating capital	na	x	x	x	x
Free cash flow	na	x	x	x	x
Growth in FCF	na	na	x	x	x
Growth in sales		x	x	x	x
d. Calculate the value of operations and MVA. (Hint: first calculate the horizon value at the end of the forecast period, which is equal to the value of operations at the end of the forecast period. Assume that the annual growth rate beyond the horizon is 6 percent.)
	Actual	Projected	Projected	Projected	Projected
	2012	2013	2014	2015	2016
Free cash flow		x	x	x	x
Long-term constant growth in FCF					x
Weighted average cost of capital (WACC)	10.5%	10.5%	10.5%	10.5%	10.5%
Horizon value					x
FCF in Years 1-3 and FCF4 + horizon value in Year 4		x	x	x	x
Value of operations (PV of FCF + HV)	x
Operating capital	x
Market value added (MVA=Market value of company - book value of company = Value of operations - Operating capital)	x
e. Calculate the price per share of common equity as of 12/31/2012.
	Actual
	2012
Value of Operations	x
Plus Value of Mkt. Sec.	x
Total Value of Company	x
Less Value of Debt	x
Less Value of Pref.	x
Value of Common Equity	x
Divided by number of shares	x
Price per share	x

for the empty squares containing an 'x' starting with question A, please provide formulas needed for excel, i need to learn how to do this please