Assuming that KMS's market share will increase by 0.23% per year, you determine that the plant will require an expansion in 2018. The expansion will cost $21.1 million. Assume the following: the financing of the expansion will be delayed accordingly (end of 2018), KMS uses a ten-year bond, interest rates remain the same, and KMS's tax rate is 35%. Using this information and the data given here calculate KMS's additional annual working capital requirements through 2021. The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. The additional annual working capital requirements for 2017 will be $thousand. (Round to the nearest integer.) Data table The additional annual working capital requirements for 2018 will be $ thousand. (Round to the nearest integer.) 0 The additional annual working capital requirements for 2019 will be thousand. (Round to the nearest integer.) The additional annual working capital requirements for 2020 will be $ thousand. (Round to the nearest integer.) Projected values (000) Accounts Receivable Inventory Cash Accounts Payable 2016 $14,205 14,902 11,983 11,969 2017 $15,612 16.494 13,157 13,163 2018 $17,172 18,065 14.439 14,484 2019 $18,847 19,846 15,863 15,849 2020 $20,629 21,704 17.333 17,298 2021 $23,535 23.710 19.030 19,131 The additional annual working capital requirements for 2021 will be $thousand. (Round to the nearest integer.) Print Done