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Butterfly Tractors had $ 2 1 . 0 0 million in sales last year. Cost of goods sold was $ 9 . 4 0 million,

Butterfly Tractors had $21.00 million in sales last year. Cost of goods sold was $9.40 million, depreciation expense was $3.40 million, interest payment on outstanding debt was $2.40 million, and the firm's tax rate was 21%.
a. What was the firm's net income?
Note: Enter your answer in millions rounded to 2 decimal places.
b. What was the firm's cash flow?
Note: Enter your answer in millions rounded to 2 decimal places.
c. What would happen to net income and cash flow if depreciation were increased by $2.40 million?
Note: Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.
d. Would you expect the change in depreciation to have a positive or negative impact on the firm's stock price?
e. What would be the impact on net income if depreciation was $2.40 million and interest expense was $3.40 million?
f. What would be the impact on cash flow if depreciation was $2.40 million and interest expense was $3.40 million?
Note: Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.
\table[[a. Net income,million],[b. Net cash flow,million],[c. Net income would be,by,million],[c. Cash flow would be,by,million],[d. Impact on stock price,,],[e. Impact on net income,,],[f. Cash flow would be,by,million]]
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