You have started a small business providing elementary school students and retirees with technological instruction.You will run the business for three years while you earn your part-time MBA.You will purchase some computer equipment and tablets along with a Honda Civic (car).You have projected the following financial data, including an anticipated tax rate of 21%:

Year 0 Year 1 Year 2 2019 2020 2021 Equipment purchase $7,500 Vehicle purchase 19,000 Working Capital (level, NOT change) 100 105 Revenues 9,000 10,800 Expenses 2,000 2,000 Depreciation 3,800 3,800 Prot Before Taxes 3,200 5,000 Taxes (@ 21%) 672 1,050 Net income 2,528 3,950