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Wrap Text Calibri (Body) 11 A- A. Merge & Center x f Cash Flows to Investors Cash Flows to Invest Recession Expected Expansion Unlevered EBIT

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Wrap Text Calibri (Body) 11 A- A. Merge & Center x f Cash Flows to Investors Cash Flows to Invest Recession Expected Expansion Unlevered EBIT $1,000.00 $2,000.00 $3,000.00 $0.00 $0.00 $0.00 Interest Taxes (35%) Total CF to SH Expansion Recession Expected 12 Levered $2,000.00 $3,000.00 $640.00 $640.00 $640.00 EBIT Interest Taxes (35%) 16 Total CF to SH and BH 19 21 MacBook Pro Conditional Format Cell Formatting as Table Styles

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