Save Homework: HW2-... Question 5, P11-23 (simi... HW Score: 57.14%, 4 of 7 points Part 1 of 6 Points: 0 of 1 Relevant cash flows for a marketing campaign Marcus Tube, a manufacturer of high-quality aluminum tubing, has maintained stable sales and profits over the past 10 years. Although the market for aluminum tubing has been expanding by 5% 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 running ads in all relevant trade journals and exhibiting products at all major regional and national trade shows. The campaign is expected to require an annual tax-deductible expenditure of S148.000 over the next 5 years. Sales revenue, as shown in the income statement for 2020 totaled 519,400,000 of the proposed marketing campaign is not initiated, sales are expected to remain at this level in each of the next 5 years, 2021 through 2025. With the marketing campaign, sales are expected to rise to the levels shown in the table for each of the next 5 years, cost of goods sold is expected to remain at 75% of sales, general and administrative expense (exclusive of any marketing campaign outlays) is expected to remain at 8% of sales, and annual depreciation expense is expected to remain at $480,000. Assuming a 21% tax rate, find the net cash flows over the next 5 years associated with the proposed marketing campaign The annual operating cash flow without the marketing campaign will be $(Round to the nearest dollar) Help me solve this View an example Get more help Media Clear all Check answer Relove expand Data table and end statem - X Stained stable sales and profits over the past 10 years. Although the market for al ring an aggressive marketing campaign that centers on regularly running ads in all deductible expenditure of $13,000 over the next 5 years. Sales revenue, as show Iman at this love in anch of the next Sy_2021 through 2025. With the market Data table expect expect The ar (Click on the loon here in order to copy the contents of the data table below into a spreadsheet) Marcus Tube Income Statement for the Year Ended December 31, 2020 Sales revenue 519.400,000 Leos Cost of goods sold (75% 14,550,000 Gross profils 34,650.000 Less Operating expenses General and administrave expense (8%) $1 552 000 Depreciation expense 480,000 Total operating expense 52,032,000 Earnings before interest and taxes 52.818.000 Les Taxes (21%) 591 780 Not operating profit after taxes $2,226 220 Click on the icon here in order to copy the contents of the data table below into a spreadsheet) Marcus Tube Sale Forecast Year Sales revenue 2021 $19,900,000 2022 20 400.000 2023 20.900.000 2024 21.500.000 2025 22.500.000 Print Done Print Done Help me solve this View an example Get more help Media Clear all 26C Mostly sunny ^ 5 hp