Work with your group to write a report addressing the following. Use the Panera Bread Co. Case and Panera Bread Co. Exhibits Workbook. 1. What are the main reasons for why Panera needs to access external capital markets? 2. Complete the financing portion of Panera Bread Company's 2007 projected financial statements and provide a forecast for the next five years. You can complete your forecasting in the "Worksheet" tab of the excel spreadsheet containing the case exhibits. As an initial base case, assume all borrowings will be some form of debt. Also assume the company has 31.497MM fully diluted shares outstanding, the share repurchase discussed in the case occurs in 2008 and interest expense is equal to 6.0% of outstanding debt. Assume sales growth of 25% each year for the first two years after 2007 (i.e., 2008 and 2009), and 5% each year thereafter