(All dollar values are given in millions.) TecQuim Incoporated is evaluating the development and distribution of a test kit antibiotics, a project with a timeline of five years. The company expects $ 50 in research and development expenses and marketing and advertising $ 5 today, the last of which will be a recurring expense in each year of the project.

The company anticipates sales of $ 15 in year 1 and 10% growth thereafter. Capital expenditures are limited to $ 20 today and assets are depreciated linearly over the five year life of the project. Investment in net working capital will be 15% of sales for the year.

The cost of capital is 10% TecQuim, your marginal tax rate is 35%, and have no debt.

What is the GPIIDA of TecQuim margin (ie, Sales / GPIIDA) in year 1?

What is the GPIIDA of TecQuim margin (ie, Sales / GPIIDA) in year 2?

What is the GPIIDA of TecQuim margin (ie, Sales / GPIIDA) in year 3?

What is the GPIIDA of TecQuim margin (ie, Sales / GPIIDA) in year 4