I need help with the formulas.

1). Complete the budget projections for years 2021-2024 using the following information

- Revenue increases 4% annually

- Expense increases 2% annually

For Depreciation and Interest expenses assume the Actual 2020 figure as the base for the budget and and forecast then add the amount calculated in the Payback tab for both budget and forecast.

Depreciation Expense: $23.89

Interest Expense: $9.03

1) Largo Global Income Statement of December 31, 2020 (millions)

	ACTUAL	BUDGET	FORECAST
	2020	2021	2022	2023	2024
Sales (net sales)	$2,013
Cost of goods sold	1400
Gross profit	613
Selling, general, and administrative expenses	125
Earnings before Interest, taxes, depreciation, and amortization (EBITDA)	488
Depreciation and amortization	174
Earning before interest and taxes (EBIT) Operating income (loss)	314
Interest expense	141
Earnings before taxes (EBT)	173
Taxes (34%)	59
Net earnings (loss)/Net Income	$ 114

2). Based on the changes suggested throughout the 5 projects, is Largo Global in a better financial position?