This is in EXCEL Please A widget factory has the following parameters: -Factory Construction Cost: $150,000 / 1,000 widgets of annual production capacity -Annual Production Capacity: 45,000 widgets/year -Widget Contracted Sale Price: $70 / widget, 2.0% annual price escalation -Factory Operating Expense: $50 / widget, 1.0% annual escalation -Depreciable Basis: 100% of factory construction cost; 100% allocated to 5-year MACRS -Operations Start: December 31, 2017 -Year 1 interest expense: $200,000 -Annual interest rate: 5% -Annual principal amortization: 5% of principal balance 1. Build out a 5-year forecast of levered after-tax widget factory cash flows from the start of operations in excel. Estimate the capital structure used in building this factory. 2. Describe why a buyer with taxable income from other unrelated businesses might value this project differently.