2. (8 points) Based on the following information, complete the forecasts below just as we did in Project 2! Show only one decimal place of accuracy!

($ millions) Year 0 Year 1 Year 2 Year 3

Sales
Number of New Stores	0	12	15	20
Sales per New Store	0	9.5	10	10.2
Interest
Interest Income Rate	0.70%	1.00%	1.50%	2.00%
Interest Expense Rate	5.60%	4.20%	4.60%	5.00%
Other Information ($ millions)
Cash and Equivalents	100	300	500	225
Short-Term Debt	150	100	60	-
Long-Term Debt	320	220	120	175
Complete the following just as we did in Project 2:
		Year 1	Year 2	Year 3
Sales from Newly Opened Stores	$35.00
Sales from Stores Opened Last Year	78.5
Existing Store Sales	2800
Total Sales	2913
Net Interest Expense (Inc)	23.5

What needs to be shown is that the equation is in balance (assests + liabilities = equity). Also, as net income increases and in term leads to more store openings, there needs to be balance in the equation as far as this equation being offset.