Can you help me solve questio. PL.7 and PL.8.

Chapter 1 I Introduction to Valuation Chapter 1 | Introduction to Valuation 33 The Second Market Value Company Financial Statements EXHIBIT P1.2 Apple Inc. Historical and Selected Financial Statement and Free Cash Flow Forecasts Your - 1 Year a Year -1 Balance Sheet-Assets Balance Shoot-Liabilities & Equity $ 210.0 $ 230 0 Accounts paysbill.man 720.0 Other current operating liabilities $ 150.0 Inventory . 140.0 $ 160% 340.0 350.0 Tejed ourmant Isbilties $ 280 0 $ 320.0 Nes property, plant and equipment .. .5.0309 4,500.0 Total assets. 6,220.0 -jotal liabilities $4.290.0 $4,820.0 .$7.270.0 Common Retained earnings 2.160.0 2,160.0 Total shareholders equity $2.980.0 52,710.0 Income Statement abilities and equities $7.270.0 57.530.0 Cost of goods sold . . $2.340.0 $2,580.0 -580.D Gross margin. Selling. general & administrative Operating Income -530.0 560.0 Income before taxes Income tax expense. 3720 392.0 Net income. .. . 5 658.0 5.588.Q P12 Unlevered Free Cash Flows-The Second Market Value Company. Prepare an unlevered from cash flow and the financial statements provided in Exhibit PL. 1. Note that the company has $500 of depreciation which is part of Cost of Goods Sold and Selling. General and Administrative. The tax rate is 40%%. The company holds excess cash so the change in cash is the change in its he change in its required cank vallon in the next three years. Beginning in Year 4. the expected cash flows wim nd cash flows will grow by 3% in perpetuity. Measure the value of this company as of today using both a 10%% and 12%% discount rate. PL4 Basic DCF Valuation 42: A company has expected from cash flows of pars Beginning in Year 4. the is million, $2.93 million, and $3.2 In perpetuity. Measure the value of this company as of today using both a 10% and 12% discount rate. hea cash low PLS Comparison of DCF Valuations: Compare and discuss the valuations in the previous two problems. Bask DCF Valuation &3: A company has expected cash flows of $1.85 million, $2 25 million, and s how we can news will grow by 6% annually. Beginning PLS Analysis of Free Cash Flows Frits Sergers Inc.: Review Exhibit PL3 for Frits Sergers Inc. and measure nday using both a 10% and 12%% discount rate. the free cash flow for Sergers for Year O and six years of Forecasts (Year -1 to Year +6) shown. The com PL.7 using the following change in Retained Earnings in a year is equal to the company's net income minus the dividends declared bo h The information andputs Develop a Der validation model for Apple Inc. (Apple) using information and the financial information in Exhibit PLZ, which includes summary historical financial state- the company in that year. Discuss the major factors that caused the free cash flows to change from year to year. ments and free cash flows gold and 20fil and IT years of forecasts (2012 through 2022), Use free cash flow perpetually after 2022, and a risk- adjusted discount rate of 125% Use the free cash flow formeet for 2ozz sure we were girl erwin ble of thesure the coghlaning value of the firm as of the end of 2021. excess cash (5 15.127 billion) and long-term securities. (535-618 Filled, For simplicity, assume that there is no tax that would be levied on Apple's excess assets if Apple Were to exclude anyonesumsIt Apple were to distribute them to its shareholders. The free cash flow forecasts exclude any offects from Apple's excess assets. PLS Economic Balance Short-Apple Inc.: Rindow Apple Inc's (Apple) financial statements in Exhibit Pl 2 and balance short and Apple's financial statements