ACEf Plastics is considering a $7$ year project to manufacture compostable storage containers. The project requires use of an existing warehouse that the firm acquired $4$ years ago for $$1,900,000$ and currently rents out, recieveing $$100,000$ at the end of each year net of taxes. If it uses the warehouse for the container project then iit will need to forgo collecting this rent. Rental rates are expected to remain constant for $7$ years. Assume the warehouse was previously allocated $100\%$ bonus depreciation and has no remaining book value. The project also requires an upfront $($at t$=0)$ investment of machinery of $$5,000,000.$ The investment will be fully depreciated to $$0$ under the straightline method over the next $10$ years for tax purposes. However ACE expects to terminate the project at the end of $7$ years $($t$=7)$ and to sell the machinery for $$500,000.$ The project requires an investment to inventory equal to $20\%$ of the following years projected sales $($i$.$e$.$ inventory requirement in year t is $20\%$ of sales in year t$+1).$ The inventory investment must be established immediately $($t$=0)$ and will be fully recovered in the final year of the project $($t$=7).$ No other NWC accounts are needed. Sales of ACE Containers are expected to be $$6,000,000$ in year $1$ and then grow each of following year by $4\%$ throught the life of the project. Cost of goods sold each year are $70\%$ of current sales. Operating expenses are $$200,000$ per year. Corporate profits are taxed at $21\%$ The discount rate for projects of this sort is $11\mathrm{.}50\%$ per year. $1)$ Calculate the projects Free Cash Flows for time $0$ an dyears $1$ through $7.$ Please provide excel formulas