This assignment aims to estimate the cash flows from a project. Later in the semester, we$\text{'}1$l

return to this project and use the tools of capital budgeting to determine if the project is desirable.

Here, we want to work through a proforma income statement to determine the cash flows from

the project. Below are some estimates that the marketing department has determined. Other

assumptions necessary for completing the proforma income statement can be found by looking at

some of the historical average values in Johnson & Johnson's financial statements. complete work using excel spreadsheet.