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Abbey Enterprises is considering a new four-year expansion project that requires an initial fixed asset investment of $2.31 million. The fixed asset will be depreciated

Abbey Enterprises is considering a new four-year expansion project that requires an initial fixed asset investment of $2.31 million. The fixed asset will be depreciated straight-line over its four-year life. The estimated residual book value at the end of the fourth year is $400,000. The project is estimated to generate $1,770,000 in annual sales, with costs of $680,000. The project requires an initial investment in net working capital of $370,000, and the fixed asset will have a market value of $360,000 at the end of the project. Estimate the project FCFs throughout the project life

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