EXERCISE 5 Calculate the Operating Cash Flows of the following exercise. Considering the following Income Statement, do the projections for the next year. Consider the following information: Sales forecast: Year 1: $450.000 Year 2: $400.000 Year 3: $445.000 Year 4: $480.000 Income Fixed costs Variable costs Gross Profits Fixed expense Variable expense EBIT Interest (fixed) NPBT Tax (2596) NPAT $ 360,000.00 $ 60,000.00 $ 90,000.00 $ 210,000.00 $ 45,000.00 $ 60,000.00 $ 105,000.00 $ 10,000.00 $ 95,000.00 $ 23,750.00 $ 71,250.00 Depreciation: Year 1: $40.000 Year 2: $45.000 Year 3: $50.000 Year 4: $55.000 01:45:51 40 :21 o o U ESP US