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answer all parts please Relevant cash flows for a marketing campaign Marcus Tube, a manufacturer of high-quality aluminum tubing, has maintained stable saies and profits

answer all parts please
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Relevant cash flows for a marketing campaign Marcus Tube, a manufacturer of high-quality aluminum tubing, has maintained stable saies and profits over the past 10 years. Although the market for aluminum tubing has been expandimg by 4% per year, Marcus has beon ursuccessfut in sharing this grown. To increase its sales, the firm is considering an aggressive marketing campaign that centers on regularly running ads in all relevant trade journals and exhibiting products at all major iegional and national trade shows. The campaign is expected to require an annual tax-deductible expenditure of $160,000 over the next 5 years. Sales revense, as shown in the income statement 2025. With the markoting campaign, sales are expected to rise to the lovels shown in the table for each of the next 5 years, cost of goods sold is expected to remain at 74% of sates, general and administratve expense (exclusive of any maketing campaign outlays) is expected to remain at 11 sh of sales, and annual depreciaston expense is expected to remain at $490,000. Assuming a 21% tax rete, find the net cash flows over the next 5 years associated with the proposed marketing campaign. cos The annual operating cash fiow without the marketing campaign will be : (Round to the nearest dollar.) Marcus Tube Income Statement for the Year Ended December 31, 2020 \begin{tabular}{lr} \hline Sales revenue & $20,700,000 \\ Less: Cost of goods sold (74\%) & 15,318,000 \\ Gross profits & $5,382,000 \\ Less: Operating expenses & $2,277,000 \\ General and administrative expense (11\%) & 490,000 \\ Depreciation expense & $2,767,000 \\ Total operating expense & $2,615,000 \\ Earnings before interest and taxes & 549,150 \\ \hline Less: Taxes (21\%) & $2,065,850 \\ Net operating profit after taxes \end{tabular} \begin{tabular}{cr} \begin{tabular}{c} Marcus Tube Sales Forecast \\ Year \\ Sales revenue \end{tabular} \\ \hline 2021 & $21,200,000 \\ 2022 & 21,700,000 \\ 2023 & 22,200,000 \\ 2024 & 23,200,000 \\ 2025 & 24,200,000 \end{tabular}

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