Given the information in the table on KXS B , did KXS's expansion plan call for it to grow slower or faster than its sustainable growth rate? The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. The actual growth rate for 2019 is %. (Round to two decimal places.) - Financial Statements Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet. 2018 2019 2020 2021 2022 2023 Income Statement $(000s) Sales Cost of Goods Sold EBITDA Depreciation EBIT Interest Expense Pre-tax Income Taxes Net Income $74,848 58,381 $16,467 5,513 $10,954 306 $10,648 3,727 $6,921 $88,442 68,985 $19,457 7,461 $11,996 306 $11,690 4,092 $7,598 $103,338 80,604 $22,734 7,502 $15,232 1,666 $13,566 4,748 $8,818 $119,817 93,457 $26,360 7,570 $18,790 1,666 $17,124 5,993 $11,131 $138,294 107,869 $30,425 7,603 $22,822 1,666 $21,156 7,405 $13,751 $158,559 123,676 $34,883 7,649 $27,234 1,666 $25,568 8,949 $16,619 Payout Ratio Additions to shareholder equity Beginning shareholder equity 30% $4,845 $5,319 74,134 $6,173 79,453 $7,792 85,626 $9,626 93,418 $11,633 103,044 Print Done