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Butterfly Tractors had $14 million in sales last year. Cost of goods sold was $8.00 million, depreciation expense was $2 million, interest payment on outstanding

Butterfly Tractors had $14 million in sales last year. Cost of goods sold was $8.00 million, depreciation expense was $2 million, interest payment on outstanding debt was $1 million, and the firms tax rate was 35%. a. What was the firms net income? (Enter your answers in millions rounded to 2 decimal places.) b. What was the firms cash flow? (Enter your answers in millions rounded to 2 decimal places.)

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