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

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Accounting

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

Revenues year 1 $210,000 growing at 9% thereafter

Cost of goods sold year 1 $121,000 growing at 10% thereafter

Operating expense year 1 $47,000 growing at 6% thereafter

Taxes all in years 20% per year

Depreciation $15,000 in year 1, $21,000 in year 2, $17,000 in year 3

No working capital is needed -- please predict the after-tax cash flows from operations for the first three years of operations below:

Year 1_______________ Year 2__________________ and Year 3______________

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