Net cash flows for a marketing campaign Barilla Group, a manufacturer of pasta and other similar food products, has maintained stable sales and profits over the last few years. Although the market for pasta and similar products has been expanding by 5% per year, Barilla has been unsuccessful in sharing this growth. To increase its sales, the firm is considering an aggressive marketing campaign that centers on regularly running ads in all relevant trade websites and on television during prime time. The campaign is expected to require an annual taxdeductible expenditure of €500,000 over the next 3 years. Sales revenue, as shown in the accompanying income statement for 2018, totaled €15,500,000. If the proposed marketing campaign is not initiated, sales are expected to remain the same in each of the next 3 years, 2019 through 2021. With the marketing campaign, sales are expected to rise to the levels shown in the accompanying table for each of the next 3 years; cost of goods sold is expected to remain at 75% of sales; general and administrative costs are expected to remain at 10% of sales; and annual depreciation expense is expected to remain at €1,000,000. Assuming a 24% tax rate, find the net cash flows over the next 3 years associated with the proposed marketing campaign.

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