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You are opening your own business and estimate the following expenses and revenues: Revenues year 1 $315,000 growing at 7% thereafter Cost of goods sold

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

Revenues year 1 $315,000 growing at 7% thereafter

Cost of goods sold year 1$152,000 growing at 8% thereafter

Operating expense year 1 $30,000 growing at 4% thereafter

Taxes all years28% per year

Depreciation$32,000 in year 1, $44,000 in year 2, $35,000 in year 3

Cash flows from operations for Year 1________, Year 2________ Year 3___________

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