R$$o Hondo Inc. routinely makes R&D investments and has no sales, general, and administrative expenses. Here is some information from R$$o Hondo$$s latest cash flow projections. The marginal tax rate is $23$ percent.

$($USD $`000$s$)$

$2022$

$2023$

$2024$

$2025$

$2026$

$2027$

Sales

$79,100\mathrm{.}00$

$80,300\mathrm{.}00$

$96,600\mathrm{.}00$

$111,300\mathrm{.}00$

$119,000\mathrm{.}00$

$123,900\mathrm{.}00$

COGS

$55,370\mathrm{.}00$

$56,350\mathrm{.}00$

$67,620\mathrm{.}00$

$77,910\mathrm{.}00$

$83,300\mathrm{.}00$

$86,730\mathrm{.}00$

NOPAT

$8,701\mathrm{.}00$

$8,855\mathrm{.}00$

$10,626\mathrm{.}00$

$12,243\mathrm{.}00$

$13,090\mathrm{.}00$

$13,629\mathrm{.}00$

Capital expenditures

$2,156\mathrm{.}00$

$2,310\mathrm{.}00$

$3,080\mathrm{.}00$

$3,311\mathrm{.}00$

$3,465\mathrm{.}00$

$3,619\mathrm{.}00$

Increase in NWC

$-770\mathrm{.}00$

$154\mathrm{.}00$

$1,771\mathrm{.}00$

$1,617\mathrm{.}00$

$847\mathrm{.}00$

$847\mathrm{.}00$

Depreciation

$2,695\mathrm{.}00$

$2,849\mathrm{.}00$

$2,926\mathrm{.}00$

$3,080\mathrm{.}00$

$3,311\mathrm{.}00$

$3,388\mathrm{.}00$

Based on the information available, can you provide an estimate of R$$o Hondo$$s R&D expenditures in $2024$ and $2025?$

R$$o Hondo Inc. routinely makes R&D investments and has no sales, general, and administrative expenses. Here is some information from R$$o Hondo$$s latest cash flow projections. The marginal tax rate is $23$ percent.

$($USD $`000$s$)$

$2022$

$2023$

$2024$

$2025$

$2026$

$2027$

Sales

$79,100\mathrm{.}00$

$80,300\mathrm{.}00$

$96,600\mathrm{.}00$

$111,300\mathrm{.}00$

$119,000\mathrm{.}00$

$123,900\mathrm{.}00$

COGS

$55,370\mathrm{.}00$

$56,350\mathrm{.}00$

$67,620\mathrm{.}00$

$77,910\mathrm{.}00$

$83,300\mathrm{.}00$

$86,730\mathrm{.}00$

NOPAT

$8,701\mathrm{.}00$

$8,855\mathrm{.}00$

$10,626\mathrm{.}00$

$12,243\mathrm{.}00$

$13,090\mathrm{.}00$

$13,629\mathrm{.}00$

Capital expenditures

$2,156\mathrm{.}00$

$2,310\mathrm{.}00$

$3,080\mathrm{.}00$

$3,311\mathrm{.}00$

$3,465\mathrm{.}00$

$3,619\mathrm{.}00$

Increase in NWC

$-770\mathrm{.}00$

$154\mathrm{.}00$

$1,771\mathrm{.}00$

$1,617\mathrm{.}00$

$847\mathrm{.}00$

$847\mathrm{.}00$

Depreciation

$2,695\mathrm{.}00$

$2,849\mathrm{.}00$

$2,926\mathrm{.}00$

$3,080\mathrm{.}00$

$3,311\mathrm{.}00$

$3,388\mathrm{.}00$

Based on the information available, can you provide an estimate of R$$o Hondo$$s R&D expenditures in $2024$ and $2025?$

Not enough information

R$$o Hondo$$s estimated R&D expenses in $2025$ are $$16\mathrm{.}2$ M

R$$o Hondo$$s estimated R&D expenses in $2024$ are $$11\mathrm{.}7$ M

R$$o Hondo$$s estimated R&D expenses in $2025$ are $$14\mathrm{.}4$ M

R$$o Hondo$$s estimated R&D expenses in $2024$ are $$13\mathrm{.}6$ M

R$$o Hondo$$s estimated R&D expenses in $2025$ are $$13\mathrm{.}8$ M

R$$o Hondo$$s estimated R&D expenses in $2024$ are $$12\mathrm{.}3$ MR$$o Hondo Inc. routinely makes R&D investments and has no sales, general, and administrative expenses. Here is some information from R$$o Hondo's latest cash flow

projections. The marginal tax rate is $23$ percent.

Based on the information available, can you provide an estimate of R$$o Hondo's R&D expenditures in $2024$ and $2025?$

Not enough information

R$$o Hondo's estimated R&D expenses in $2025$ are $$16\mathrm{.}2$ M

R$$o Hondo's estimated R&D expenses in $2024$ are $$11\mathrm{.}7$ M

R$$o Hondo's estimated R&D expenses in $2025$ are $$14\mathrm{.}4$ M

R$$o Hondo's estimated R&D expenses in $2024$ are $$13\mathrm{.}6$ M

R$$o Hondo's estimated R&D expenses in $2025$ are $$13\mathrm{.}8$ M

R$$o Hondo's estimated R&D expenses in $2024$ are $$12\mathrm{.}3$ M