Thanks for your help. I have attached the income statement that was used for the problem originally as well as the cash flow statement. I have also

Thanks for your help. I have attached the income statement that was used for the problem originally as well as the cash flow statement. I have also attached the incorrect solution that the other tutor was given to me that needs to be fixed. The original question was: Using your income statements and cash flows from the past two modules, calculate two Net Present Values using the two approaches to determining a Residual Value. As an additional calculation, identify how much the residual value impacts your maximum purchase price or Net Present Value.The following assumptions will apply:•The Discount Rate will be 15%Much of this problem is solved. However, what needs to be fixed from the Incorrect solution file is:lines 79 and 80 are not correct, and in fact “impossible”: by definition, a PV factor cannot be higher than 1, and a present value cannot be higher than a future value. Please remember that you are valuing this corporation as of the end of 2009. lines 79 and 80 are not correct, and in fact “impossible”: by definition, a PV factor cannot be higher than 1, and a present value cannot be higher than a future value.