Butterfly Tractors had $$22\mathrm{.}00$ million in sales last year. Cost of goods sold was $$9\mathrm{.}60$ million, depreciation expense was $$3\mathrm{.}60$ million,

interest payment on outstanding debt was $$2\mathrm{.}60$ 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\mathrm{.}60$ 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 $$2\mathrm{.}60$ million and interest expense was $$3\mathrm{.}60$ million?

f$.$ What would be the impact on cash flow if depreciation was $$2\mathrm{.}60$ million and interest expense was $$3\mathrm{.}60$ million?

Note: Enter your numeric answer in millions rounded to $2$ decimal places. Select "unaffected" if the results do not affect the

balance.