1. To determine the stock value using the discounted cash flow method: Forecast the free cash flows.Start by using the historical data from the financial statements downloaded from Morningstar to compute the three-year average of the following ratios:
2. EBIT/Sales
3. Tax Rate (income tax expense/income before sales)
4. Property, plant & equipment/Sales
5. Depreciation/property, plant & equipment
6. Net working capital/sales

Done Below:

Ratios 2016 2017 2019 Three Year Average

EBIT/Sales 24.48% 24.58% 24.47% 24.51%

Tax Rate 92.64% 15.01% 12.75% 40.13%

Property, Plant & Equipment/Sales 22.24% 20.88% 21.52% 21.55%

Depreciation/Property, Plant & Equipment 1.44 1.46 1.45 1.45

Net Working Capital/Sales 0.16 0.18 0.11 0.15

I need help with this question below???

Use the average ratios from above to forecast EBIT, property plant & equipment, depreciation, and net working capital for the next five years?