Nokela Indiatries purchases a $42.8 million cyclo-converter. The cyclo-converter will be deprediated by $10.7 million per year over four years, starting this year. Suppose Nokela's tax rate is 40%

a. What impact will the cost of the purchase have on earnings for each of the next four years?

b. What impact will the cost of the purchases have on the firms's cash flow for the next four years ?

a. What impact will the cost of the purchase have on earnings for each of the next four years?

Earnings will____ by $__ million each year for four years. ( Select from the drop down menu and round to one decimal place.)

b. What impact will the cost of the purchase have on the firms cash flow for the next four years ?

The impact on the firms cash flow in year 1 is $___ million. ( Round to one decimal place.)

The impact on the firms cash flow in years two through four is $___ million ( Round to one decimal place)