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

$)$

$.$

$$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?