13. Republika Inc. reported the following prospective information: Income tax rate is at 30%. Capital investment of Php 150,000 is expected to be spent every year while working capital investment is a Php40,000. Depreciation of property is at Php200,000 yearly. How much is the projected net cash flows for Year 2? e. Php245,000 a. Php255,000 b. Php 350,000 c. Php445,000 14. Refer to Republika Inc. How much is the projected net income for Year 3? a. Php280,000 b. Php290,000 c. Php400,000 d. Php 700,000 15. Refer to Republika Inc. How much is the EBITDA in Year 1? a. Php140,000 b. Php150,000 c. Php340,000 d. Php400,000