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See Table 25 I showing financial statement data and stock price data for Mydeco Corp Suppose Mydeco had purchased additional equipment for 512.7 milion at the end of 2016 and this equipment was depreciated by $42 million per year in 2017 2018 and 2019. Given Mydeco's tax rate of 35% what impact would this additional purchase have had on Mydeco's not income in years 2016 2019 (Assume the equipment is paid for out of cash and that Myduco cams no interest on its cash balances) Calculate the new net Income below. (Round to one decimal place) 2016 2017 2018 2019 S $ (millions) Year Net Income Additional Depreciation Tax Savings New Net Income 5 $ 5 $ $ S S S million pild this kst on its CE 2015 2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in 5 millions) Income Statement 2015 2016 2017 2018 Revenue 4057 363 1 4225 507.1 Cost of Goods Sold (1912) (1746) 208.0) (2436) Gross Profit 214.5 188.5 2145 263.5 Sales and Marketing (65.8) (674) (84.6) (972) Administration (615) (597) (576) (657) Depreciation & Amortization (279) (262) (352) (378) EBIT 59.3 352 37.1 628 Interest Income (Expense) (35.4) (31.7) (308) (359) Pretax Income 23.9 3,5 6.3 26.9 Income Tax (84) (12) (22 (9.4) Net Income 15.5 23 41 17.5 Shares Outstanding (millions) 54 54 54 54 Earnings per Share $0.29 $0.04 $0.09 $0 32 2019 6015 (2945) 3070 (120.7) (800) (38.1) 68.2 (378) 30.4 (106) 19.8 54 $0.37 Print Done 30.24 2015 et ind 50 37 30.04 2016 50.08 2017 $0.32 2018 2019 cial Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property. Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation Total Current Liabilities Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders Equity 48.5 893 35.4 1732 243.8 357.4 774.4 70.6 68.8 30.1 169,5 2431 357.4 7700 858 70.7 285 1850 310.8 3574 853.2 807 782 323 1912 348 4 3574 8970 925 84 8 353 2126 3495 3574 919,5 19.5 6.5 26.0 500 3 5263 248 1 774.4 178 7.4 252 500 3 5255 2445 770.0 20.6 75 281 576.1 6042 249.0 853.2 25,5 7.7 332 600.2 633.4 263.6 8970 33.5 106 441 6002 6443 2752 9195 Samant of Cub Clown 2015 2016 2017 2018 2019 Statement of Cash Flows Net Income Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay & Accrued Comp Cash from Operations Capital Expenditures Cash from Investing Activ Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ Change in Cash Mydeco Stock Price 2015 15.5 279 39 (2.9) 22 46.6 (246) (24.6) (49) 2016 2.3 26 2 20.5 53 (0.8) 53.5 (26.5) (26.5) (4.9) 2017 4.1 35.2 -1.9 1.6 2.9 41.9 (97.6) (976) (49) 2018 17.5 378 (7.5) (3.8) 5.1 49.1 (73.4) (73.4) (4.9) 2019 198 38.1 (66) (3.0) 10.9 592 (409) (40.9) (6.5) 75.8 70.9 (4.9) 17:1 $8.72 (49) 221 $2.83 152 24.1 19.2 (5.1) $9.03 (6.5) 11.8 $10.21 $5 19

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