going to post question twice since it has multiple parts. Parts 1-3 please.

Under the assumption that KMS's market share will increase by 0.23% per year, you determine that the plant will require an expansion in 2018. The expansion will cost $21.5 million. Assume the following: the debt financing of the expansion will be delayed accordingly (end of 2018), KMS uses a ten-year bond, interest rates remain the same at 7.3%, and KMS's tax rate is 35%. KMS projects the following depreciation: 2016 2017 2018 2019 2020 2021 Depreciation (000) $5,522 $5,465 $7,425 $7,439 $7.543 $7,586 Using this information and the data given here project net income through 2021. 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. Complete the following to determine the net income for each year: (Round to the nearest integer.) Income Statement (000) 2016 - X Data Table Sales $ 74,950 (60,710) Cost of Goods Sold EBITDA $ 2019 2020 $ Depreciation EBIT Current values (000) Outstanding Debt Interest on Debt 2016 $4,775 $349 2017 $4,775 $349 2018 $4.775 $349 $26,275 $1,918 $26,275 $1,918 2021 $26,275 $1.918 $ $ 2020 Interest Expense Pre-tax Income $ 2016 $74,950 - 60.710 2017 $82,415 - 66,756 2018 $90,425 - 73,244 2019 $99,520 - 80,611 $108,601 - 87,967 2021 $119,020 - 96,406 Taxes $ Net Income $ Income Statement (000) Sales Cost of Goods Sold EBITDA Depreciation EBIT Interest Expense Pre-tax Income Taxes Net Income ? ? ? Print Done Under the assumption that KMS's market share will increase by 0.23% per year, you determine that the plant will require an expansion in 2018. The expansion will cost $21.5 million. Assume the following: the debt financing of the expansion will be delayed accordingly (end of 2018), KMS uses a ten-year bond, interest rates remain the same at 7.3%, and KMS's tax rate is 35%. KMS projects the following depreciation: 2016 2017 2018 2019 2020 2021 Depreciation (000) $5,522 $5,465 $7,425 $7,439 $7.543 $7,586 Using this information and the data given here project net income through 2021. 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. Complete the following to determine the net income for each year: (Round to the nearest integer.) Income Statement (000) 2016 - X Data Table Sales $ 74,950 (60,710) Cost of Goods Sold EBITDA $ 2019 2020 $ Depreciation EBIT Current values (000) Outstanding Debt Interest on Debt 2016 $4,775 $349 2017 $4,775 $349 2018 $4.775 $349 $26,275 $1,918 $26,275 $1,918 2021 $26,275 $1.918 $ $ 2020 Interest Expense Pre-tax Income $ 2016 $74,950 - 60.710 2017 $82,415 - 66,756 2018 $90,425 - 73,244 2019 $99,520 - 80,611 $108,601 - 87,967 2021 $119,020 - 96,406 Taxes $ Net Income $ Income Statement (000) Sales Cost of Goods Sold EBITDA Depreciation EBIT Interest Expense Pre-tax Income Taxes Net Income ? ? ? Print Done