Please show work without using Excel formulas, just cell references.

Suppose there are no taxes. Firm ABC has no debt, and firm XYZ has debt of $5,000 on which it pays interest of 10% each year. Both companies have identical projects that generate free cash flows of $800 or $1,000 each year. After paying any interest on debt, both companies use all remaining free cash flows to pay dividends each year. Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. a. Fill in the table below showing the payments debt and equity holders of each firm will receive given each of the two possible levels of free cash flows. b. Suppose you hold 10% of the equity of ABC. What is another portfolio you could hold that would provide the same cash flows? c. Suppose you hold 10% of the equity of XYZ. If you can borrow at 10%, what is an alternative strategy that would provide the same cash flows? Debt ABC Debt XYZ Interest rate SO $5,000 10% a. Fill in the table below showing the payments debt and equity holders of each firm will receive given each of the two possible levels of free cash flows. ABC Debt Equity Payments Dividends XYZ Debt Equity Payments Dividends FCF $800 $1,000 b. Suppose you hold 10% of the equity of ABC. What is another portfolio you could hold that would provide the same cash flows? Ownership 10% FCF=$800 FCF=$1,000 or of debt and Equity in ABC would provide cash flows of Cash flows could be replicated by owning The debt cash flows would be The equity cash flows would be For total cash flows of or per year of equity of XYZ per year per year per year, as you would get from buying ABC equity or or c. Suppose you hold 10% of the equity of XYZ. If you can borrow at 10%, what is an alternative strategy that would provide the same cash flows? Ownership 10% FCF=$800 FCF=$1,000 Equity in XYZ would provide cash flows of Cash flows could be replicated by borrowing You would receive dividends of You would pay interest of Your total cash flow would be or and buying or in one case per year of the equity of ABC per year in another case per year, as you would get from buying XYZ equity or