14. Under the assumption that KMS’s market share will increase by 0.25% per year (and the investment and financing will be adjusted as described in Problem 13), you project the following depreciation:

Year 2013 2014 2015 2016 2017 2018 Depreciation 5,492 5,443 7,398 7,459 7,513 7,561 Using this information, project net income through 2018 (that is, reproduce Table 18.8 under the new assumptions).