Question: q 8 please read well and give me answer as it is required clear one just fill the schedule i have un clear and somtime

q 8 please read well and give me answer as it is required clear one just fill the schedule

i have un clear and somtime wrong ansers pls pls

You are evaluating a new product. In year 3 of your analysis, you are projecting pro forma sales of $5.7 million and cost of goods sold of $3.42 million. You will be depreciating a

$1 million machine for 5 years using straight-line depreciation. Your tax rate is 35%. Finally, you expect working capital to increase from $190,000 in year 2 to $305,000

in year 3. What are your pro forma earnings for year 3? What are your pro forma free cash flows for year 3?

Question content area bottom

Part 1

Complete the following pro forma statement.(Round to the nearest dollar.)

Pro Forma

Year 3

Sales

$

COGS

Depreciation

EBIT

Tax

Earnings

Depreciation

Net working capital

Free cash flows

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