Assuming a All's tax rate, What IS Threshold Worth! !" Note :` The " Profit ( loss ) From racing events " line in Exhibit 3 comes From Exhibit 2 . ALSO, Exhibit 3 has some sales with terminology . The " Net profit " Line is not really net profit . Moreover , it would be better to use revenue " in place Of " income" . ALSO , there is a major error in the choice OF items to list under " Expenses" . See I you call spot the error and correct For it in Your analysis . Your analysis will require use of the growing Perpetuity / constant growth mode ] in order to estimate a erminal value For Your cash FLOWS . Show your work For this quest i on In all Excel attachment . )