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Butterfly Tractors had $22.50 million in sales last year, Cost of goods sold was $9.70 million, depreciation expense was $3.70 million interest payment on outstanding

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Butterfly Tractors had $22.50 million in sales last year, Cost of goods sold was $9.70 million, depreciation expense was $3.70 million interest payment on outstanding debt was $2.70million, and the firm's tax rate was 30%. a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) Net income million b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) Net cash flow million c. What would happen to net income and cash flow if depreciation were increased by $2.70 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places) ef cash flowillion million ook c. What would happen to netincome and cash flow if depreciation were increased by $2.70 million? (Enter your numeric answers in ences millions rounded to 2 decimal places. Select "unaffected if the results do not affect the balance.) Net income would be Cash flow would be million by million

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