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You are opening your own business and estimate the following expenses and revenues: Revenues year 1 $228,000 growing at 9% thereafter Cost of goods sold

You are opening your own business and estimate the following expenses and revenues:

Revenues year 1 $228,000 growing at 9% thereafter

Cost of goods sold year 1$101,000 growing at 12% thereafter

Operating expense year 1 $41,000 growing at 6% thereafter

Taxes all in years25% per year

Depreciation$15,000 in year 1, $18,000 in year 2, $12,000 in year 3

What is the after -tax Cash Flows from operations for the first three years?

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