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Butterfly Tractors had $19.50 million in sales last year. Cost of goods sold was $9.10 million, depreciation expense was $310 million, interest payment on outstanding
Butterfly Tractors had $19.50 million in sales last year. Cost of goods sold was $9.10 million, depreciation expense was $310 million, interest payment on outstanding debt was $210 million, and the firm's tax rate was 30%. a. What was the firm's net income and net cash flow? (Enter your answers in millions rounded to 2 decimal places. For example, for $3.92 million, enter "3.92, not "3920000") Net income Net cash flow million million b. What would happen to net income and cash flow if depreciation were increased by $2.10 million? (Input all amounts as positive values. Enter your answers in millions rounded to 2 decimal places. For example, for $3.92 million, enter "3.92", not "392000O") Net income (Click to select)by Cash flow (Click to select)by million million
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