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Forecast KMS's free cash flow, assuming KMS's market share will increase by 0.26% per year; investment, financing, and depreciation will be adjusted accordingly; and working

Forecast KMS's free cash flow, assuming KMS's market share will increase by

0.26% per year; investment, financing, and depreciation will be adjusted accordingly; and working capital will be as given in the table

Free Cash Flow (000)

2013

2014

2015

2016

2017

2018

Net Income

$6,979

$8,086

$7,999

$8,210

$9,539

$11,004

After-Tax Interest Expense

192

192

192

1,145

1,145

1,145

Depreciation

5,470

5,401

7,436

7,446

7,543

7,534

Increases in Net Working Capital

0

2,912

3,100

3,390

3,753

4,071

Capital Expenditures

5,093

5,093

28,072

8,071

8,071

8071

The free cash flow in 2013 will be $____ thousand. (Round to the nearest integer.)

The free cash flow in 2014 will be $___ thousand. (Round to the nearest integer.)

The free cash flow in 2015 will be $_______ thousand. (Round to the nearest integer.)

The free cash flow in 2016 will be $________ thousand. (Round to the nearest integer.)

The free cash flow in 2017 will be $_________ thousand. (Round to the nearest integer.)

The free cash flow in 2018 will be $__________ thousand. (Round to the nearest integer.)

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