An athleticwear company is considering releasing a new line of sneakers. The company believes

that it will be able to sell $100,000$ pairs of sneakers each year, at a price of $$110$ per pair.

Variable costs will be $$22$ for each pair of shoes, and there will be fixed costs of $$3$ million each

year. To produce these sneakers, the company will have to expand its existing factory and

warehouse space $($a capital expenditure$)$ which will cost $$8$ million right away and will be

depreciated at $25\%$ of this cost each year $($i$.$e$.,$ there is a $$2$ million depreciation expenditure

each year$).$ If the company pays taxes at a rate of $18\%,$ what would be the cash flow from assets

$($i$.$e$.,$ the total free cash flow$)$ that the firm would generate in the project$$s first year