Given the information in the table on KXS, did KXS's expansion plan call for it to grow slower or faster than its sustainable growth rate? 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. Financial Statements Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet. 2019 2020 2021 Income Statement $(000s) Sales Cost of Goods Sold EBITDA Depreciation EBIT Interest Expense Pre-tax Income Taxes Net Income Payout Ratio Additions to shareholder equity Beginning shareholder equity 2018 $74,753 58,307 $16,446 5,520 $10,926 306 $10,620 3,717 $6,903 30% $4,832 $88,295 68,870 $19,425 7,452 $11,973 306 $11,667 4,083 $7,584 $5,309 74,134 $103,231 80,520 $22,711 7,501 $15,210 1,666 $13,544 4,740 $8,804 $6,163 79,443 $119,790 93,436 $26,354 7,566 $18,788 1,666 $17,122 5,993 $11,129 $7,790 85,606 2022 $138,276 107,855 $30,421 7,604 $22,817 1,666 $21,151 7,403 $13,748 $9,624 93,396 2023 $158,650 123,747 $34,903 7,640 $27,263 1,666 $25,597 8,959 $16,638 $11,647 103,020 I