Question: Assuming that KXS's market share will increase by 0.24% per year, you determine that the plant will require an expansion in 2020. The expansion will

 Assuming that KXS's market share will increase by 0.24% per year,you determine that the plant will require an expansion in 2020. The

Assuming that KXS's market share will increase by 0.24% per year, you determine that the plant will require an expansion in 2020. The expansion will cost 21.2 million. Assume the following: the financing of the expansion will be delayed accordingly (end of 2020), KXS uses a ten-year bond, interest rates remain the same, and KXS's tax rate is 35%. Using the accompanying table of projected values, calculate KXS's additional annual working capital requirements through 2023. Click the icon to view the table of projected values through 2023. The additional annual working capital requirements for 2019 will be $ thousand. (Round to the nearest integer.) Projected values $(000s) Accounts Receivable Inventory Cash Accounts Payable 2018 14,204 14,962 11,942 11,986 2019 15,622 16,489 13,139 13,165 2020 17,110 18,091 14,484 14,480 2021 18,896 19,808 15,835 15,874 2022 20,671 21,797 17,377 17,458 2023 23,073 23,769 19,083 19,217 Print Done

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