Part 1 of 11 Points: 0 of 1 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 rato? 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 2018 2019 2020 2021 2022 2023 Income Statement S(000s) Sales Cost of Goods Sold EBITDA Depreciation EBIT Interest Expense Pre-tax Income Taxes Net Income $74,873 58,401 $16,472 5,512 $10.960 306 $10,654 3,729 $6,925 $88 258 68,841 $19,417 7,453 $11.964 306 $11,658 4,080 $7,578 $103 229 80,519 $22.710 7,502 $15,208 1,666 $13,542 4.740 $8.802 $119,758 93.411 $26,347 7,562 $18,785 1,666 $17,119 5,992 $11,127 $138,284 107,862 $30.422 7,614 $22,808 1,666 $21, 142 7,400 $13.742 $ 158,535 123,657 $34,878 7,635 $27 243 1,666 $25,577 8,952 $16,625 Payout Ratio Additions to shareholder equity Beginning shareholder equity 30% $4.848 $5,305 74.134 $6,161 79,439 $7.789 85,600 $9,619 93,389 $11,638 103,008