A new firm reports the following financials (in million dollars):

(You will need to compute changes in deferred taxes, which are $20 −
$16 = $4 in 2001, as well as changes in working capital.) Can you compute an estimate of cash flows produced by this firmin these three years?

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Income Statement December 2001 2000 1999 200 162 150 = Revenue COGS 60 58 57 + SG&A 20 19 18 = Operating Income 120 85 75 Net Interest Income (Gains & Losses) 35 35 35 = Income before Tax 85 50 40 Corporate Income Tax (at 40%) 34 20 16 = Income after Tax 51 30 24 - Extraordinary Items 0 0 0 = Net Income 51 30 24