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Net cash flows for a marketing campaign Marces Fube, a marufacturer of high-quality aturiinum tubing, has maintinod stable sales and profits over the past 10

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Net cash flows for a marketing campaign Marces Fube, a marufacturer of high-quality aturiinum tubing, has maintinod stable sales and profits over the past 10 yoars. Athough the markot for rogulaty running ads in al relevart trade joumals and extibiting products at al major regional and natonal trade shows. The campaign is expectod to require an annual tax-deduchble expenchlure of this level in exch of the next 5 yeass, 2019 through 2023. Wa the makoting campaigh, eales are expected to rise to the lovels shown in the table expected to camain at 77% of saves, goneral and adrinistrative experse (exclusive of any marketing carreaign outlays) is expeclod to mmain at 11% of saies, and arrual deprociation expense is expectod to remain at 9490,000 . Assaining a 40% tax rate, find the not cash fows owe the next 5 years associatod with the proposod markating campagn The acrias opersing cash fow wethout the marketing capaign we be: (Round to the neasest dotat) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)

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