5. Refer to the table containing a company's financial statements below: Year ending Cash Other assets...

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5. Refer to the table containing a company's financial statements below: Year ending Cash Other assets Debt and liabilities 30-Jun-18 $6,089,256 $84,947,093 Number of shares on issue Company tax rate Weighted average cost of capital 4,344,335 30.00% 12.31% per $25,155,653 Growth rate in FCFs from 2022 5.74% per Equity (book value) $65,880,696 Growth Year ending 30-Jun-18 rate 30-Jun-19 30-Jun-20 30-Jun-21 30-Jun-22 $71,687,73 $73,910,05 $76,201,26 $80,998,97 Sales revenue 5 3.10% 5 6 $78,563,506 4 $40,219,59 $41,305,52 $42,420,77 $44,742,41 Operating expenses 2 2.70% 1 0 $43,566,131 6 $24,135,49 $25,100,91 $26,104,95 $28,235,11 Depreciation 4 4.00% 4 0 $27,149,148 4 EBIT $7,332,649 $7,503,620 $7,675,546 $7,848,227 $8,021,444 Interest paid $3,675,178 8.10% $3,972,867 $4,294,670 $4,642,538 $5,018,583 Tax payable $1,097,241 $1,059,226 $1,014,263 $961,707 $900,858 Net income $2,560,230 $2,471,527 $2,366,614 $2,243,982 $2,102,002 $10,388,03 $11,671,99 Capital expenditure $9,245,312 6.00% $9,800,031 3 $11,011,315 3 Increase in working capital $2,735,756 2.50% $2,804,150 $2,874,254 $2,946,110 $3,019,763 (a) Work out last year's (year ending 30 June 2018) free cash flows and the projected free cash flows (30 June 2019 - 30 June 2022) from these extracts from the company's financial 5. Refer to the table containing a company's financial statements below: Year ending Cash Other assets Debt and liabilities 30-Jun-18 $6,089,256 $84,947,093 Number of shares on issue Company tax rate Weighted average cost of capital 4,344,335 30.00% 12.31% per $25,155,653 Growth rate in FCFs from 2022 5.74% per Equity (book value) $65,880,696 Growth Year ending 30-Jun-18 rate 30-Jun-19 30-Jun-20 30-Jun-21 30-Jun-22 $71,687,73 $73,910,05 $76,201,26 $80,998,97 Sales revenue 5 3.10% 5 6 $78,563,506 4 $40,219,59 $41,305,52 $42,420,77 $44,742,41 Operating expenses 2 2.70% 1 0 $43,566,131 6 $24,135,49 $25,100,91 $26,104,95 $28,235,11 Depreciation 4 4.00% 4 0 $27,149,148 4 EBIT $7,332,649 $7,503,620 $7,675,546 $7,848,227 $8,021,444 Interest paid $3,675,178 8.10% $3,972,867 $4,294,670 $4,642,538 $5,018,583 Tax payable $1,097,241 $1,059,226 $1,014,263 $961,707 $900,858 Net income $2,560,230 $2,471,527 $2,366,614 $2,243,982 $2,102,002 $10,388,03 $11,671,99 Capital expenditure $9,245,312 6.00% $9,800,031 3 $11,011,315 3 Increase in working capital $2,735,756 2.50% $2,804,150 $2,874,254 $2,946,110 $3,019,763 (a) Work out last year's (year ending 30 June 2018) free cash flows and the projected free cash flows (30 June 2019 - 30 June 2022) from these extracts from the company's financial