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Your firm reported sales of $1,250,000 in 2019. Operating costs were $500,000, and depreciation expenses were $150,000. The firm has $400,000 in debt outstanding at

Your firm reported sales of $1,250,000 in 2019. Operating costs were $500,000, and depreciation expenses were $150,000. The firm has $400,000 in debt outstanding at a 9% interest rate. The firm plans to issue an additional $600,000 in debt at a 10% interest rate in 2020. The firm also hopes to increase sales by 20% in 2020. Operation costs and depreciation will increase at the same rate. What is the firm's forecasted net cash flow? Assume the firm is in the 25% tax bracket.

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