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You are ovaluating a now product, In year 3 of your analysis, you are projecting pro lorma sales of 55 milion and cost of goods

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You are ovaluating a now product, In year 3 of your analysis, you are projecting pro lorma sales of 55 milion and cost of goods sold or 53 million. You wil be depreciating a 51 million machine for 5 years using straight-line deprociation Your tax rale is 21\%. Finaty, you expect working capital to increaso from 5200,000 in year 2 to $300,000 in yoar 3 . What are your pro forms earnings for year 37. What are your pro forma tree cash ficks for year 3 ? Complete the following proforma statement. (Round to the noarest dollar)

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