You have recently assumed the role of CFO at your company. The company's CEO is looking to expand its operations by investing in new property, plant, and equipment. You are asked to do some capital budgeting analysis that will determine whether the company should invest in these new plant assets.

Signature Assignment select a company, download the most recent copy of the company's 10-K report, and submit your company choice to your professor for approval. The parameters for the week 7 project deliverable are as follows. The firm is looking to expand its operations by 10% of the firm's net property, plant, and equipment. (Calculate this amount by taking 10% of the property, plant, and equipment figure that appears on the firm's balance sheet.) The estimated life of this new property, plant, and equipment will be 12 years. The salvage value of the equipment will be 5% of the property, plant and equipment's cost. The annual EBIT for this new project will be 18% of the project's cost. The company will use the straight-line method to depreciate this equipment. Also assume that there will be no increases in net working capital each year. Use 35% as the tax rate in this project. The hurdle rate for this project will be the WACC that you are able to find on a financial website, such as Gurufocus.com. If you are unable to find the WACC for a company, contact your instructor. He or she will assign you a WACC rate.

Signature Assignment Deliverables Prepare a narrated PowerPoint presentation that will highlight the following items. Your calculations for the amount of property, plant, and equipment and the annual depreciation for the project Your calculations that convert the project's EBIT to free cash flow for the 12 years of the project. The following capital budgeting results for the project Net present value Internal rate of return Discounted payback period. Your discussion of the results that you calculated above, including a recommendation for acceptance or rejection of the project Once again, you may embed your Excel spreadsheets into your document. Be sure to follow APA standards for this project.

Apple.

the 10-k report but could not find a way to upload it. Thank you. Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 26, 2020 September 28, 2019 September 29, 2018 Net sales: Products $ 220,747 $ 213,883 $ 225,847 Services 53,768 46,291 39,748 Total net sales 274,515 260,174 265,595 Cost of sales: Products 151,286 144,996 148,164 Services 18,273 16,786 15,592 Total cost of sales 169,559 161,782 163,756 Gross margin 104,956 98,392 101,839 Operating expenses: Research and development 18,752 16,217 14,236 Selling, general and administrative 19,916 18,245 16,705 Total operating expenses 38,668 34,462 30,941 Operating income 66,288 63,930 70,898 Other income/(expense), net 803 1,807 2,005 Income before provision for income taxes 67,091 65,737 72,903 Provision for income taxes 9,680 10,481 13,372 Net income $ 57,411 $ 55,256 $ 59,531 Earnings per share: Basic $ 3.31 $ 2.99 $ 3.00 Diluted $ 3.28 $ 2.97 $ 2.98 Shares used in computing earnings per share: Basic 17,352,119 18,471,336 19,821,510 Diluted 17,528,214 18,595,651 20,000,435 See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2020 Form 10-K | 31 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 26, 2020 September 28, 2019 September 29, 2018 Net income $ 57,411 $ 55,256 $ 59,531 Other comprehensive income/(loss): Change in foreign currency translation, net of tax 88 (408) (525) Change in unrealized gains/losses on derivative instruments, net of tax: Change in fair value of derivatives 79 (661) 523 Adjustment for net (gains)/losses realized and included in net income (1,264) 23 382 Total change in unrealized gains/losses on derivative instruments (1,185) (638) 905 Change in unrealized gains/losses on marketable debt securities, net of tax: Change in fair value of marketable debt securities 1,202 3,802 (3,407) Adjustment for net (gains)/losses realized and included in net income (63) 25 1 Total change in unrealized gains/losses on marketable debt securities 1,139 3,827 (3,406) Total other comprehensive income/(loss) 42 2,781 (3,026) Total comprehensive income $ 57,453 $ 58,037 $ 56,505