Problem 18-17 Question Help Given the information in the table on KXS 5, 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.) i 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 Payout Ratio Additions to shareholder equity Beginning shareholder equity $74,930 58,445 $16,485 5,507 $10,978 306 $10,672 3,735 $6,937 $88,357 68,918 $19,439 7,452 $11,987 306 $11,681 4,088 $7,593 $103,368 80,627 $22,741 7,491 $15,250 1,666 $13,584 4,754 $8,830 $119,778 93,427 $26,351 7,564 $18,787 1,666 $17,121 5,992 $11,129 $138,339 107,904 $30,435 7,598 $22,837 1,666 $21,171 7,410 $13,761 $158,614 123,719 $34,895 7,651 $27,244 1,666 $25,578 8,952 $16,626 30% $4,856 $5,315 74,134 $6,181 79,449 $7,790 85,630 $9,633 93,420 $11,638 103,053