Complete Balance sheet.

 

Forecast Year Sales growth rate NOPAT margin Beginning net operating working/sales Beginning net operating long-term assets/sales Beginning net debt to captial ratio After-tax cost of debt Beginning Balance Sheet Beg net working capital + Beg net long term assets = net operating assets Net Debt +Preferred stock (Assume zero for all the years) + Shareholders' equity = Net Capital 2018 9.39% 9.89% 10.60% 58.10% 57.20% 1.50% 23191.95 127118.15 150310.10 85977.38 0.00 64332.72 150310.10 2023 2024 2025 2026 2027 6.00% 5.30% 4.50% 3.80% 3.00% 10.50% 9.90% 9.30% 8.70% 8.10% 7.60% 7.00% 8.60% 8.60% 8.60% 8.60% 8.60% 8.60% 8.60% 55.70% 55.70% 55.70% 55.70% 55.70% 55.70% 55.70% 57.20% 57.20% 57.20% 57.20% 57.20% 57.20% 57.20% 2.50% 2.50% 2.50% 2.50% 2019 2020 2021 2022 8.31% 8.42% 7.60% 6.80% 10.49% 11.09% 9.60% 8.60% 57.00% 55.70% 57.20% 57.20% 1.70% 1.90% 2.10% 2.30% 2.50%