The Koi Fish Corporation expects to have sales of $$13$ million. Costs other than depreciation are expected to be $75\%$ of sales,and depreciation is expected to be $$1\mathrm{.}5$ million. All sales revenues will be collected in cash, and costs other than depreciationmust be paid for during the year. The federal tax rate is $22\%($ignore any possible state corporate taxes$).$ Koi Fish Corp has nodebt.a$)$ What is Koi Fish$$s expected net income?b$)$ What is Koi Fish's expected net cash flow?Suppose Congress changed the tax laws so that Koi Fish$$s depreciation expenses doubled. No changes in operations occurred.c$)$ What is the net cash flow if depreciation expenses are doubled?Now suppose that Congress changed the tax laws such that, instead of doubling Koi Fish$$s depreciation, it was reduced by$50\%.$d$)$ What is the net cash flow if depreciation expenses are halved?e$)$ If this were your company, would you prefer Congress to cause your depreciation expense to be doubled or halved $?$