Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 4 Problem 3-14 Income versus Cash Flow (LO3) Butterfly Tractors had $24.00 million in sales last year. Cost of goods sold was $10.00 million, depreciation expense was $4.00 million, interest payment on outstanding debt was $3.00 million, and the firm's tax rate was 21%. 9.09 points a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) c. What would happen to net income and cash flow if depreciation were increased by $3.00 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) f. What would be the impact on cash flow if depreciation was $3.00 million and interest expense was $4.00 million? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) Answer is complete but not entirely correct. a Net income b. 11 Net cash flow Net income would be Cash flow would be Cash flow would be $ 8.55 x million S 9.60 X million decreased by S increased by S increased X by $ C 7.00 8 million 4.00 % million 5.96 x million f. 12:25 AM 8/16/2021 2 AD ) BA O 12 e here to search ng