Question #12 See the explanation below to work the problem. XYZ Company, a 'for-profit' business, had revenues of $15 million in 2018. Expenses other than depreciation totaled 75 percent of revenues. XYZ Company, must pay taxes at a rate of 40 percent of pretax (operating) income. All revenues were collected in cash during the year, and all expenses other than depreciation were paid in cash. Depreciation originally was $1.5 million; however, now the company has decided to be more conservative in its depreciation of its capital assets. XYZ now has $750,000 in depreciation expense instead of $1.5 million. Based on this change in depreciation expense, what would XYZ's cash flow be? Choice: $1,800,000 Choice: $12,000,000 Choice: $2,100,000 Choice: $2,550,000