Question: please show work the way the instructions do!!! no excel. Problem 3. You are going to retire in 43 years. After retirement, you need $80,000

Problem 3. You are going to retire in 43 years. After retirement, you need $80,000 at the end of year for 25 years. How much do you have to save for your retirement every month? Assume that you deposit your money at the end of month for 43 years and 9 percent is your annual expected return from your investment until you retire. But after you retire you invest in more conservative assets and your annual expected return is 5 percent (6 points) xample of how to show your work: FCF2014 - NOPAT2014 -(TNOC2014 - TNOC2013) NOPAT2014=EBIT 2014 * (1-t) = 60,884*(1-.4) = $36,530.40 NOW 2014=OPCA2014-OPCL2014-(Cash+AR+Inv)2014-(AP+Accruals)2014 =(91,450+103,365+38,444) - (30,761+30,477) - $172,021 Therefore, TNOC2014=NOW 2014+NFA2014=172,021+67,105 = $239,186
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