38 Plans to modernize a production line could lead to cash flow increases of $5,000,000 every year, for the next seven years. If the project's required rate of return is 12.5%, what is the value of this investment (closest answer) a.b.c.d27,682,00025,325,25022,461,50020,310,000 39 Free Cash Flows to the firm can best be described as a. an operating asset b. net income plus cash from in-flows from financing c. net operating profit after tax that is not used to grow net operating assets d the line item at the top of the balance sheet 40 The order for forecasting estimates follows this order a. income statement, cash flow statement, statement of retained earnings b statement of cash flows, tax returns, income statement, balance sheet balance sheet, income statement and statement of cash flows d income statement, balance sheet and statement of cash flows