Assignment $3-$ Forecasting Net Income Instructions: Please forecast net income for the next $4$ fiscal years for your company.$$ The forecast should have a reasonable amount of detail.$$ If the income statement only lists general revenue and expense items, you must go into the notes of the financial statement to find more specific items. Please start with revenue $($like a standard income statement$)$ and forecast expenses after that.$$ Assumptions should be clearly stated, and be justified by historical context for your firm.$$ In your forecasts, please show a forecast for EBITDA, EBIT, and net income.$$ Your firm may not have provided income statements with this information.$$ This means that you will have to reformat the income statement.$$ There is an art to doing this properly.$$ What is appropriate for one firm will not be appropriate for another.$$ You are allowed to ignore some information if you feel it is warranted, but it must be justified as to why think this would be an appropriate action. These databases aggregate financial information into general ones that do not let users identify key revenue and cost determinants.$$ You will need to input the data from the firm's financial statements into excel by hand.$$ Please submit your assignment as a word document, with notes explaining what you did for each line item and any assumptions used.$$ Also, please submit any excel spreadsheets you used in your analysis. $($ We can only use Yahoo Finance or Investing.com$)$ The Company we chose is: $$Badger Infrastructure Solutions Ltd$.($Ticker: BDGI.TO$)$ is a Canadian company that provides non$-$destructive excavation services across North America, primarily using hydrovac trucks. Their services are used in construction, oil & gas, utilities, and municipal infrastructure projects. The company earns revenue by providing safe, precise underground excavation that avoids damaging buried infrastructure. Badger operates in a capital$-$intensive industry, has a large fleet of vehicles, and is sensitive to economic cycles and infrastructure investment trends. It trades on the Toronto Stock Exchange. I have also included a example: