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Butterfly Tractors had $16.50 million in sales last year. Cost of goods sold was $8.50 million, depreciation expense was $2.50 million, interest payment on outstanding

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Butterfly Tractors had $16.50 million in sales last year. Cost of goods sold was $8.50 million, depreciation expense was $2.50 million, interest payment on outstanding debt was $1.50 million, and the firm's tax rate was 21% a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) c. What would happen to net income and cash flow if depreciation were increased by $1.50 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) f. What would be the impact on cash flow if depreciation was $1.50 million and interest expense was $2.50 million? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" If the results do not affect the balance.) Answer is complete but not entirely correct. $ 3.16 5.66 million million Net income Net cash flow Net income would be Cash flow would be Cash flow would be decreased by increased f. decreased

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