abercrombie and fitch has a working capital requirements that amount to 8% of revenues and invests in working capital a the beginning of each year. Furthermore, half of the selling and advertising expenses each year are fixed and are not expected to change with the number of stores. Estimate the expected after-tax operating cash flows on the new store for Abercrombie and Fitch each year for the next five years. market risk premium of 5.5% and a tax rate of 40%