You are opening your own business and estimate the following expenses and revenues:

Revenues year 1 $228,000 growing at 9% thereafter

Cost of goods sold year 1 $101,000 growing at 12% thereafter

Operating expense year 1 $41,000 growing at 8% thereafter

Taxes all in years 28% per year

Depreciation $15,000 in year 1, $18,000 in year 2, $12,000 in year 3

Predict the after-tax cash flows from operations for the first three years of operations below:

Year 1_______________ Year 2__________________ and Year 3______________

Answer rating: 100% (QA)

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