Question
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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