Question: 3. Suppose my lemonade stand for a given year generated $1500 in sales, had cost of goods sold of $350, depreciation of $150, paid interest

3. Suppose my lemonade stand for a given year generated $1500 in sales, had cost of goods sold of $350, depreciation of $150, paid interest of $75, and the tax rate was 20%. Below show (a) an income statement and (b) the adjustments you would make to that income statement for the relevant cash flow for an NPV calculation. What is that cash flow number? (3 points) Income Statement Adjustments to get NPV Number

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