Relevant cash flows for a marketing campaign Marcus Tube, a manufacturer of high-quality aluminu 10 years. Although the market for aluminum tubing has been expanding by 3% per year, Marcus has been unsuccessful in sharing this growth. To increase its sales, the firm is considering an aggressive marketing campaign that centers on regularly run- ning ads in all relevant trade journals and web sites and exhibiting products at all major regional and national trade shows. The campaign is expected to require an annual tax-deductible expenditure of S150,000 over the next 5 years. Sales revenue, as shown in the accompanying income statement for 2015, totaled $20,000,000. If the proposed marketing campaign is not initiated, sales are expected to remain at this level in each of the next 5 years, 2016 through 2020. With the marketing m tubing, has maintained stable sales and profits over the past Marcus Tube Sales Marcus Tube Income Statement for the Year Ended December 31, 2015 Forecast $20,000,000 16,000,000 Year Sales revenue 2016 $20,500,000 Sales revenue Less: Cost of goods sold (80%) Gross profits $ 4,000,0002017 21,0,000 2018 21,500,000 2019 22,500,000 2020 23,500,000 Less: Operating expenses General and administrative expense (10%) Depreciation expense $ 2,000,000 500,000 2,500,000 S 1,500,000 600,000 900,000 Total operating expense Earnings before interest and taxes Less: Taxes (rate-40%) Net operating profit after taxes