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Butterfly Tractors had $18.50 million in sales last year. Cost of goods sold was $8.90 million, depreciation expense was $2.90 million, interest payment on outstanding

Butterfly Tractors had $18.50 million in sales last year. Cost of goods sold was $8.90 million, depreciation expense was $2.90 million, interest payment on outstanding debt was $1.90 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 $1.90 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 $1.90 million and interest expense was $2.90 million?(Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.)

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