Question: Suppose that Washington Co. is a U.S. based MNC that is considering acquiring a target firm in Canada. Washington is attempting to forecast the future

 Suppose that Washington Co. is a U.S. based MNC that isconsidering acquiring a target firm in Canada. Washington is attempting to forecast

Suppose that Washington Co. is a U.S. based MNC that is considering acquiring a target firm in Canada. Washington is attempting to forecast the future cash flows of the target in order to estimate the targets value. Washington Co. managers have provided you with the revenue and cost of goods sold (COGS)from the target over the past year, as well as projected revenue and COGS for the following three years. This data is summarized in the table, which shows that Washington believes that it can impe total revenue of the target over time, while also lowering COGS (as a percent of total revenue). Fill in row 3 of the following table with the gross profit of the target firm for last year, as well as years one through three, in Canadian dollars (C\$). Note: All figures are in milions. TOTAL SCORE: 0/4 (to complete this step and unlock the next step) (to complete this step and unlock the next step)

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