Effects of tax planning with depreciation. This is completely hypothetical. Suppose that Initech was able to accelerate its depreciation expense for tax purposes such that it was able to deduct an additional $100 million for tax purposes in 2011. Assume the only effect would be to U.S. federal taxes and that its marginal tax rate is 35%. That is, assume no interaction with state and foreign taxes in your answer. Assume it is certain that the IRS would agree with validity of the accelerated deductions.

a. By how much would Initechs cash taxes paid change in 2011?

b. By how much would Initechs cash flow from operations change in 2011?

c. By how much would Initechs current tax expense change in 2011?

d. By how much would Initechs deferred tax expense change in 2011?

e. By how much would Initechs total tax expense change in 2011?

f. By how much would Initechs net income change in 2011?