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Under the assumption that KMS's market share will increase by 0.25% per year, you determine that the plant will require an expansion in 2023. The

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Under the assumption that KMS's market share will increase by 0.25% per year, you determine that the plant will require an expansion in 2023. The expansion will cost $20 million. Assume the following the debt financing of the expansion will be delayed accordingly end of 2023). KMS uses a ten-year bond, interest rates remain the same at6,8%, and KMS's tax rate is 35%. Complete the following pro forma income statements for KMS: (All numbers are stated in Smillion. For example, $74.890,000 is stated as $74.890. Round all your answers to three decimal places) 2022 Income Statement million) 2021 Sales $74.800 Cost of Goods Sold 558414 2023 $90.341 $70.466 2024 399.056 $82.344 $64228 2025 $108.555 $64673 2026 5118 916 $77.264 592.754 EBITDA 5 5 $ $ $ S Depreciation $5443 $7.390 57.459 57.513 $7.561 EBIT $ $ $ 5 5 Interest Expense 50306 $0.306 $0.306 $ Pre-tax Income $ 5 - Taxes Net Income $

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