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Butterfly Tractors had $22.00 million in sales & st year, Cost of goods sold was $9.60 million, depreciation expense was $3.60 million, interest payment on

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Butterfly Tractors had $22.00 million in sales \& st year, Cost of goods sold was $9.60 million, depreciation expense was $3.60 million, interest payment on outstanding debt was \$ $.00 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 $2.60 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 $2.60 million and interest expense was $3.60 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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