I need help ASAP, thanks.

3. What does FR gain the IPO process?

2. Do you agree with the financial forecasts in Exhibit 8? If so, why: If not, what specific concerns do you have? Exhibit 8 Ferrari: The 2015 Initial Public Offering Ferrari Forecast (millions of euro, except as noted) 2014 3.6% Assumptions Growth in Cars Shipped Growth in Revenue/Car Growth in Engine Revenue Growth in Other Revenue 2015 7.0% 5.0% 3.0% 3.0% 2016 5.0% 5.0% 3.0% 6.0% 2017 4.0% 5.0% 3.0% 6.0% 2018 4.0% 5.0% 3.0% 6.0% 2019 3.0% 5.0% 3.0% 6.0% Operating Margin-Cars Operating MarginEngines Operating Margin-All Other Revenue 12.5% 9.1% 24.9% 13.0% 10.0% 25.0% 13.5% 10.0% 27.0% 14.0% 10.0% 28.0% 14.0% 10.0% 30.0% 14.0% 10.0% 30.0% Net Working Capital Turnover Net Fixed Asset Turnover Deprec & Amort/PPE 1.9 3.2 2.0 3.2 34% 2.1 3.3 34% 2.2 3.5 34% 2.2 3.7 34% 2.2 3.8 34% 34% Financial Forecast Car Shipments (000s) Avg Revenue per Car (Euro 000s) Car Revenue Engine Revenue All other Revenue Total Revenue 8.82 326 2,871 7.26 268 1,944 311 507 2,762 7.76 281 2.184 320 523 3,027 8.15 295 2,408 330 554 3,292 8.48 310 2,629 340 587 3,556 9.08 342 3,105 361 660 4,126 350 623 3,844 Operating Profit-Cars Operating Profit-Engines Operating Profit-All Other Revenue Total Operating Profit 243 28 126 398 284 32 131 325 33 150 508 368 34 164 402 35 187 624 435 36 198 447 567 669 Net Working Capital Net PP&E and Int. Assets Dep & Amort 1,425 851 289 1,513 932 1,568 998 339 1,617 1,016 345 1,747 1,039 353 1,875 1,086 369 317 Source: Created by author based on author estimates