You are given the following forecasts of Banco Industries. Use the information below to forecast...

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You are given the following forecasts of Banco Industries. Use the information below to forecast FCF each year for the next four years. Ignore depreciation and capital expenditure (depreciation=0 and capital expenditure=0). Year 0 1 2 3 4 Sales 240.00 270.00 289.98 309.99 325.49 EBIT 27 29.00 31.00 32.55 Income Tax (37% of EBIT) 9.99 10.73 11.47 12.04 Change in NWC 3.60 2.40 2.40 1.86 O FCF1=13.41, FCF2=15.87, FCF3=17.13, FCF4=18.65 O FCF1=27, FCF2=29, FCF3=31, FCF4=32.55 O FCF0=240, FCF1=13.41, FCF2=15.87, FCF3=7.13, FCF4=18.65 O None of the above answers is correct

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