Sales revenue Rs33,000,000 Less cash operating expenses (18,000,000) Gross income R$15,000,000 Less depreciation expenses (3,000,000) Earnings before interest and taxes R$12,000,000 Less Indian taxes at 50% Net income Add back depreciation Annual cash flow (6,000,000) R$6,000,000 3,000,000 R$9,000,000 Data table Rs/$ Rs/$ 2011 47 2014 56 2012 2013 555 50 2015 59 53 2016 62