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I am not sure which parts of the financial statements to use to fill in the information in the yellow.

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Discounted Cash Flow Method (In millions)
Projected for Years Ending December 31,
Terminal
2019
2020
2021
2022
2023
Value
11
Forecasted Net Income
$ (2,747,042) $ (2,815,718) $ (2,886,106) $ (2,958,259) $ (3,032,218) $ (3,108,019)
12
Plus:
13
Depreciation
14
Less:
15
Capital expenditures
16
Debt reduction
17
18
Net Cash Flow
$ (2,747,042)
$ (2,815,718)
$ (2,886, 106)
$ (2,958,259) $ (3,032,218)
$ (3, 108,019)
19
20
Present value of cash flows
$ (2,428,861)
$ (2,201,223)
$ (1,994,915) $ (1,807,948) $ (1,638,504)
21
22
Discount rate:
13.1%
23

Top Answer

For the depreciation, you can check the income statement. if you do not have an income statement, check the difference of the... View the full answer

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