Problem 18-17 Question Help Given the information in the table on KXS 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 3%. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer ? Clear All Check Answer 10 pants remaining p Toe . LU 2 13 of 15 (7 complete) HW Score: 40.32 Q the Financial Statements Act turno ptor and for 20 2022 2023 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 Income Statement $(000s) Sales $74,827 $88,342 $103.201 $119,922 Cost of Goods Sold 58,365 68,907 80,497 93 539 EBITDA $16,462 $19,435 $22,704 $26,383 Depreciation 5,499 7,452 7.486 7,577 EBIT $10,963 $11,983 $15,218 $18.800 Interest Expense 306 306 1,806 1,666 Pre-lax Income $10,657 $11,677 $13,552 $17,140 Taxes 3,730 4,087 4,743 5,999 Net Income $6,927 $7,590 $8.809 $11,141 $138,206 107,801 $30,405 7,622 $22,783 1,666 $21.117 7,391 $13,726 $ 158,545 123,665 $34 880 7,644 $27,236 1,668 $25,570 8.950 $16,620 30% $4,849 Payout Ratio Additions to shareholder equity Beginning shareholder equity $5,313 74,134 $6,166 79,447 $7.799 85,613 $11,634 103.020 $9,608 93,412 Print Done in the ai Check Answer CA