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Financial Plan Below is an overview of our expected financial performance over the next five years: To achieve these projections, we need to raise...

Please explain to me how they calculated the interest expense and the income tax expense on page 4 of the attached document. I circled the location where I have the question.
Financial Plan Below is an overview of our expected financial performance over the next five years: To achieve these projections, we need to raise $___________ in financing. Figure : Annual Financial Summary FY 1 FY 2 FY 3 FY 4 FY 5 Revenues $647,200 $788,400 $960,600 $1,170,400 $1,426,200 Direct Expenses $129,400 $157,700 $192,100 $234,100 $285,300 Gross Profit $517,800 $630,700 $768,500 $936,300 $1,140,900 Gross Profit (%) 80.0% 80.0% 80.0% 80.0% 80.0% Other Expenses $340,800 $354,320 $372,978 $390,807 $409,577 EBITDA $177,000 $276,380 $395,522 $545,493 $731,323 Depreciation $5,200 $5,200 $5,200 $5,200 $4,200 Amortization $0 $0 $0 $0 $0 Preliminary Exp Written off $0 $0 $0 $0 $0 Interest Expense $9,600 $9,600 $9,600 $9,700 $9,700 Income Tax Expense $56,800 $91,500 $133,200 $185,700 $251,100 Net Income $105,400 $170,080 $247,522 $344,893 $466,323 On the Go LLC Business Plan Page 1
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. IX. Financial Plan Financial Highlights Below please find and overview of our financial projections. See the Appendix for our full projected Income Statements, Balance Sheets and Cash Flow Statements. Figure : Financial Highlights $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 FY 1 FY 2 FY 3 FY 4 FY 5 Revenues Gross Profit Net Income On the Go LLC Business Plan Page 2
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Finance-8369237 (1).doc

Computation of interest expense:Computation of interest is always dependent on two factors one is rate of interest and the second is the
principal balance outstanding. In the given question we can...

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