Consider the financial statement data and stock price data for Mydeco Corp Suppose Mydeco had purchased additional equipment for $11.9 million at the end of 2015 and this equipment was depreciated by S4 million per year in 2016, 2017 and 2018. Given Mydeco's tax rate of 35%, what impact would this additional purchase have had on Mydeco's net income in years 2015 2018? (Assume the equipment is paid for out of cash and that Mydeco earns no interest on is cash balances) Click the icon to view the financial statement and stock price data Calculate the new net income below. (Round to one decimal place) 2015 2016 $ 21$ (millions) Year Net Income Additional Depreciation Tax Savings New Net Income s 0.0 S 00 $ $ $ 2.1 s Table Income Statement Revenue Cost of Goods Sold Gross Profit Sales and Marketing Administration Depreciation & Amortization EBIT Interest Income (Expense) Pretax Income Income Tax Net Income Shares Outstanding (millions) Earnings per Share Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property, Plant & Equipment Goodwill & Intangibles Tatal Arente 2014 407.3 (1878) 219.5 (672) (59.5) (26.2) 66.6 (35.2) 31.4 (11.0) 20.4 54.8 $0.37 2014 2015 368.1 (178.4) 189.7 (657) (576) (28.7) 37.7 (345) 3.2 (1.1) 2.1 54.8 $0.04 2015 2016 4246 (2061) 2185 (840) (60.9) (323) 41.3 (311) 10.2 (36) 6.6 54.8 $0.12 2016 2017 5111 (2457) 265 4 (970) (682) (390) 612 (374) 238 (8.3) 15.5 54.8 $0.28 2017 2018 606 7 (295.5) 3112 (1228) (766) (393) 72.5 (376) 349 (122) 22.7 54.8 SO 41 2018 50.6 86.9 34.7 1722 244.6 360.4 777 74.7 68.1 31.1 173,9 248.1 3604 70 82.8 69 9 29.4 182 1 308.5 360.4 ORI 79 1 75.5 322 186 8 348.5 360.4 ONE 7 88.6 856 35.7 209.9 349.6 360.4 18 6 5.8 24.4 4978 5222 255 0 7772 259 84 343 18.5 71 25.6 4978 5234 259.0 782.4 211 6.6 27.7 5729 600.6 250 4 5983 318 93 41.1 5983 6394 2805 9199 6326 263.1 8957 8510 Accounts Payable Accrued Compensation Total Current Liabilities Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows Net Income Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay & Accrued Comp Cash from Operations Capital Expenditures Cash from Investing Activ Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ Change in Cash Mydeco Stock Price 2014 20.4 26.2 39 (2.9) 3.2 50.8 (258) (258) (6.0) 2015 2.1 28.7 18.8 3.6 12 54.4 (243) (243) (60) 2016 6.6 323 18 17 21 40.9 (1019) (101.9) (60) 2017 155 39.0 (56) (2.8) 6.6 527 (75.8) (75.8) (6.0) 2018 227 39.3 (10.1) (3.5) 68 552 (38.6) (386) (7.1) (6.0) 190 $703 (6.0) 24.1 $2.94 75.1 69.1 8.1 $5.82 25.4 194 (37) $7 89 (7.1) 9.5 $12.52 Dona