Question
Assuming that KXS's market share will increase by 0.21% per year, you determine that the plant will require an expansion in 2020. The expansion will
Assuming that KXS's market share will increase by 0.21% per year, you determine that the plant will require an expansion in 2020. The expansion will cost 21.2 million. Assume the following: the financing of the expansion will be delayed accordingly (end of 2020), KXS uses a ten-year bond, interest rates remain the same, and KXS's tax rate is 35%. Using the accompanying table of projected values, calculate KS's additional annual working capital requirements through 2023.
The additional annual working capital requirements for2019 will be $_____ thousand. (Round to the nearest integer.)
Table of Projected ValuesStep by Step Solution
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