AK Steel is an integrated manufacturer of high-quality steel and steel products in capital intensive steel mills. AK Steel produces flat-rolled carbon, stainless and electrical steel products, and carbon and stainless tubular steel products for automotive, appliance, construction, and manufacturing markets. Nucor manufactures more commodity-level steel and steel products at the lower end of the market in less capital-intensive mini-mills. The following data describe sales and cost of products sold for both firms for Years 3 and 4.

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Year 3 $37,692 $16,661 Intel (amounts in millions) Year 4 Accumulated Depreciation Property, Plant, and Equipment, net Depreciation Expense Capital Expenditures, net $39,833 ($22,03) ($24,065) $15,768 $ 4,590 $ 3,843 . . . .