The Elm Corporation expects to have sales of $20 million. Costs other than depreciation are expected to be 75% of sales, and depreciation is expected to be $2.5 million. All sales revenues will be collected in cash, and costs other than depreciation must be paid for during the year. Elm's federal-plus-state tax rate is 40%. Elm has no debt. Which of the following represents Elm's expected net income and net cash flow? O Net income $1.5 mill, Net cash flow - $4.3 mill O Net income = $1.8 mill. Net cash flow - $4.0 mill O Net income - $1.8 mill, Net cash flow - $4.3 mill @ Net income - $1.5 mill. Net cash flow - $4.0 mill