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Forecast KMS's free cash flow, assuming KMS's market share will increase by 0.25% per year; investment, financing, and depreciation will be adjusted accordingly; and

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Forecast KMS's free cash flow, assuming KMS's market share will increase by 0.25% per year; investment, financing, and depreciation will be adjusted accordingly; and working capital will be as given in the table The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. The free cash flow in 2019 will be $ The free cash flow in 2020 will be $ The free cash flow in 2021 will be $ The free cash flow in 2022 will be $ The free cash flow in 2023 will be $ The free cash flow in 2024 will be $ thousand. (Round to the nearest integer.) thousand. (Round to the nearest integer.) thousand. (Round to the nearest integer.) thousand. (Round to the nearest integer.) thousand. (Round to the nearest integer.) thousand. (Round to the nearest integer.) Data table - (Click on the following icon in order to copy its contents into a spreadsheet.) Free Cash Flow (000) Net Income 2019 $7,968 2020 2021 2022 2023 2024 $9,300 $9,128 $9,452 $11,048 $12,722 After-Tax Interest Expense 232.621278757 233 233 1,273 1,273 1,273 Depreciation 5,477 5,450 7,354 7,498 7,572 7,555 Increases in Net Working Capital 0 2,919 3,148 3,372 3,746 4,023 Capital Expenditures 5,078 5,078 28,087 8,057 8,057 8,057 Print Done

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