See the explanation below to work the problem.

XYZ Company, a 'for$-$profit' business, had revenues of $$12$ million in $2022.$ Expenses

other than depreciation totaled $75$ percent of revenues. XYZ Company, must pay

taxes at a rate of $40$ percent of pretax $($operating$)$ income. All revenues were

collected in cash during the year, and all expenses other than depreciation were paid

in cash.

Depreciation originally was $$1\mathrm{.}5$ million; however, now the company has decided to

be more conservative in its depreciation of its capital assets. XYZ now has $$750,000$

in depreciation expense instead of $$1\mathrm{.}5$ million.

Based on this change in depreciation expense, what would XYZ$\text{'}$s cash flow be$?$

Select one or more:

a$.$ $$2,100,000$

b$.$ $$12,000,000$

C$.$ $$1,800,000$