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Forecast KMS's free cash flow, assuming KMS's market share will increase by 0.23% per year; investment, financing, and depreciation will be adjusted accordingly; and working

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Forecast KMS's free cash flow, assuming KMS's market share will increase by 0.23% per year; investment, financing, and depreciation will be adjusted accordingly; and working capital will be as given in the table B. 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 $0 thousand. (Round to the nearest integer.) The free cash flow in 2020 will be $0 thousand. (Round to the nearest integer.) The free cash flow in 2021 will be $ 0 thousand. (Round to the nearest integer.) The free cash flow in 2022 will be $0 thousand. (Round to the nearest integer.) The free cash flow in 2023 will be $ 0 thousand. (Round to the nearest integer.) The free cash flow in 2024 will be $0 thousand. (Round to the nearest integer.) (Click on the following icon in order to copy its contents into a spreadsheet.) 2023 Free Cash Flow (000) Net Income After-Tax Interest Expense Depreciation Increases in Net Working Capital Capital Expenditures 2019 $7,979 231.749107897 5,440 0 5,020 2020 $9,236 232 5,485 2,997 5,020 2021 $9,113 232 7,409 3,174 28,098 2022 $9,463 1,269 7,495 3,359 8,052 $11,036 1,269 7,565 3,706 8,052 2024 $12,673 1,269 7,590 4,042 8,052

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