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Under the assumption that KMs's market share will increase by 0.23% per year, you determine that the plant will require an expansion in 2015. The

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Under the assumption that KMs's market share will increase by 0.23% per year, you determine that the plant will require an expansion in 2015. The expansion will cost $21.5 million. Assume the following: the debt financing of the expansion will be delayed accordingly (end of 2015), KMS uses a ten-year bond, interest rates remain the same at 7.3%, and KMs's tax rate is 35%. KMS projects the following depreciation: 2013 2014 2015 2016 2018 2017 Depreciation (000) $5,522 $5,465 $7,425 $7,439 $7,543 $7,586 Using this information and the data given here project net income through 20 Income Statement (000) 2013 2015 2016 2014 2018 2017 74,950 82,415 90,425 99,520 08.60 9,020 (60,710 66,756 73,244 80,6 (87,967 (96,406 Cost of Goods Sold EBITDA Depreciation s EBIT Interest Expense Pre-tax income Taxes Net Income Enter any number in the edit fields and then continue to the next

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