Under the assumption that KMS's market share will increase by \0.23 per year, you determine...
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Under the assumption that KMS's market share will increase by \0.23 per year, you determine that the plant will require an expansion in 2020. The expansion will cost \\( \\$ 21.5 \\) million. Assume the following: the debt financing of the expansion will be delayed accordingly (end of 2020), KMS uses a 10-year bond, interest rates remain the same at \7.3, and KMS's tax rate is. \35. KMS projects the following depreciation. Using this information and the data given here project net income through 2023. Data table
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