2 3 4 5 TABLE 9.4 Forecast income statement for the U.S. Navy duffel canvas project (dollar figures in thousands, except price por yard) Year: 1. Yards sold 2. Price per yard 3. Revenue (1 X 2) 4. Cost of goods sold 5. Operating cash flow (3 - 4) 6. Dopreciation 7. Incomo (5-6) 8. Tax at 35% 9. Not Incomo (7 - 8) 100.00 30.00 3,000.00 2,100.00 900.00 250.00 650.00 227.50 $422.50 100.00 30.00 3,000.00 2.184.00 816.00 250.00 566.00 198.10 $367.90 100.00 30.00 3,000.00 2,271.36 728.64 250.00 478.64 167.52 $311.12 100.00 30.00 3,000.00 2,362.21 637.79 250.00 387.79 135.72 $262.07 100.00 30.00 3.000.00 2,456.70 543.30 260.00 293.30 102.66 S190.65 Notos: 1. Yards sold and prico por yard would be fixed by control 2. Cost of goodo Includoo fixed cost of $300,000 por yoor plus varinblo cotto of S10 por yard. Costo oro expeclod to Incroapo at the inflation moto of 4% por your 3. Doprocinton: A $1 million investmont in machinery is doprocintod straight lino ovor 5 yoor (S200.000 por yoan), Tho $500,000 cost of rolurbinhing the Ploasantboro plantio doproclatod atraight-lino ovor 10 youm (S60,000 por yonr)