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Butterfloy Tractors had 1 4 million in sales last year. Cost of goods sold was 8 million, depreciation expense was 2 million, interest payment on

Butterfloy Tractors had 14 million in sales last year. Cost of goods sold was 8 million, depreciation expense was 2 million, interest payment on outstanding debt was 1 million and tax rate was 21%.
a) What is net income?
b) What is cash flow?
c) What happens to net income and cash flow if depreciation increases 1 million?

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