We have to project our cashflows for 4 Year. For our estimations we use the following assumptions: EBIT will grow 4.5% annually for the next 4 years because of the positive impact of new products that have higher margins Tax rate will remain at the same rate Depreciation and Amortization will grow 3.5% annually for the next 4 years Capex will decrease 4% each year, as the opportunities of growth and investment are decreasing. Working Capital Variation will remain stable.

Question how to complete the estimations schedule

DCF	LAST PUBLISHED FIGURES	ESTIMATIONS
Millions	2018	2019 Est	2020 Est	2021 Est	2022 Est
EBIT	$ 9,269
- Taxes	$ 1,761
+Amortizations / Depreciations	$ 1,086
- Capex	$ 2,100
- Change Cap	$ -30
FREE CASHFLOW	$ 6,524