Actual 2019 Forecasts Year +1 Year Year +2 Year +3 46,844 -19,932 -13,866 Revenues Income before Tax Net Income 37,137.0 40,126 -14,762.0 -17,073 -11,711.0 -11,877 -239.0 -166 10,425.0 11,009 -2,794.0 -2,953 7,631.0 8,056 43,355 -18,447 -12,833 -203 11,871 -3,184 8,687 -10 13,036 -3,497 9,539 1,651 1,171 3,725 1,926 8,473 19,058 -9,871 980 18,640 1,627 1,017 4,410 1,766 8,820 20,960 -11,333 1,007 19,454 1,758 1,099 4,380 2,223 9,459 23,362 -12,794 1,035 21,062 1,899 1,187 5,117 2,087 10,290 26,264 -14,256 1,064 23,363 ASSETS: Cash and Cash Equivalents Marketable Securities Accounts Receivable - Net Inventories Current Assets Property, Plant & Equipment - at cost Other Non-Current Assets (28) Total Assets LIABILITIES: Accounts Payable - Trade Notes Payable and Short Term Debt Current Liabilities Long Term Debt Long Term Accrued Liabilities Total Liabilities Common Stock + Paid in Capital Retained Earnings Common Shareholders' Equity Total Liabilities and Equities 2,000 274 2,274 2,550 4,624 9,448 2,286 270 2,556 3,419 4,996 10,971 2,505 292 2,797 4,002 5,398 12,197 2,512 324 2,836 4,439 5,833 13,108 The forecast above is for firm XYZ. Assumptions: We assume that XYZ will repurchase 1500 common stocks each of the forecast years, and the Common Stock + Paid in Capital will be 1.2% of total assets. Also, the common dividends will be 40% of the NI in each forecasted year A- what are the Dividends for Year +1 B- what are the Dividends for Year +2 C- what are the Dividends for Year +3 D- what is the Required Income for Year +1 E- what is the Required Income for Year +2 F- what is the Required Income for Year +3 G- what are the Dividends for Year t+1 H- what is the continuing DIV |- What is the value of the stock according to the Financial Statement forecast J- Currently, the D/E ratio is 0.5. What will be the new levered market beta of the firm if the D/E ratio changes to 1.2? Actual 2019 Forecasts Year +1 Year Year +2 Year +3 46,844 -19,932 -13,866 Revenues Income before Tax Net Income 37,137.0 40,126 -14,762.0 -17,073 -11,711.0 -11,877 -239.0 -166 10,425.0 11,009 -2,794.0 -2,953 7,631.0 8,056 43,355 -18,447 -12,833 -203 11,871 -3,184 8,687 -10 13,036 -3,497 9,539 1,651 1,171 3,725 1,926 8,473 19,058 -9,871 980 18,640 1,627 1,017 4,410 1,766 8,820 20,960 -11,333 1,007 19,454 1,758 1,099 4,380 2,223 9,459 23,362 -12,794 1,035 21,062 1,899 1,187 5,117 2,087 10,290 26,264 -14,256 1,064 23,363 ASSETS: Cash and Cash Equivalents Marketable Securities Accounts Receivable - Net Inventories Current Assets Property, Plant & Equipment - at cost Other Non-Current Assets (28) Total Assets LIABILITIES: Accounts Payable - Trade Notes Payable and Short Term Debt Current Liabilities Long Term Debt Long Term Accrued Liabilities Total Liabilities Common Stock + Paid in Capital Retained Earnings Common Shareholders' Equity Total Liabilities and Equities 2,000 274 2,274 2,550 4,624 9,448 2,286 270 2,556 3,419 4,996 10,971 2,505 292 2,797 4,002 5,398 12,197 2,512 324 2,836 4,439 5,833 13,108 The forecast above is for firm XYZ. Assumptions: We assume that XYZ will repurchase 1500 common stocks each of the forecast years, and the Common Stock + Paid in Capital will be 1.2% of total assets. Also, the common dividends will be 40% of the NI in each forecasted year A- what are the Dividends for Year +1 B- what are the Dividends for Year +2 C- what are the Dividends for Year +3 D- what is the Required Income for Year +1 E- what is the Required Income for Year +2 F- what is the Required Income for Year +3 G- what are the Dividends for Year t+1 H- what is the continuing DIV |- What is the value of the stock according to the Financial Statement forecast J- Currently, the D/E ratio is 0.5. What will be the new levered market beta of the firm if the D/E ratio changes to 1.2