state tax rate is 40%. Berndt has no debt. $ What is Berndt's expected net cash flow? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. $ 8 II. If depreciation doubled, taxable income would fall to zero, taxes would be zero, and net cash flow would be unaffected. III. If depreciation doubled, taxable income would fall to zero, taxes would be zero, and net cash flow would rise. IV. If depreciation doubled, taxable income would fall to zero, taxes would be zero, and net cash flow would decline. (3) I. If depreciation were halved, taxable income, taxes, and net cash flow would all decline. II. If depreciation were halved, taxable income and net cash flow would rise but taxes would fall. III. If depreciation were halved, taxable income and taxes would rise but net cash flow would fall. IV. If depreciation were halved, taxable income, taxes, and net cash flow would all rise. V. If depreciation were halved, taxable income and taxes would decline but net cash flow would rise. d. If this were your company, would you prefer Congress to cause your depreciation expense to be doubled or halved? Why