Beats wants to build a new factory to produce its headphones. It will cost $$240$ million initially to build the factory over the course of $12$ months, which will be worthless after $10$ years. The factory will be depreciated linearly to $$0$ over $10$ years. Beats already owns the land on which the factory will be built. The land is currently worth $$10$ million and was purchased for $$2$ million eight years ago.

After completion of the factory at the end of year $1,$ Beats expects earnings before interest and taxes $($EBIT$)$ of $$31$ million each year for $10$ years. The company also has to add inventory $($components$)$ worth $$11$ million just before operation starts at the end of the first year.

Beat's marginal tax rate is $21\%$ and the appropriate cost of capital for this project is $8\%.$

What is the cash flow from assets in year $1($in $ million$)?$

$0+$ decimals

Attempt $1/10$ for $0\mathrm{.}5$ pts$.$

Part $4$

What is the annual depreciation in year $2($in $ million$)?$

$0+$ decimals

Attempt $1/10$ for $0\mathrm{.}5$ pts$.$

Part $5$

What is the cash flow from assets in year $2($in $ million$)?$

$1+$ decimals

Attempt $1/10$ for $0\mathrm{.}5$ pts$.$

Part $6$

What is the cash flow from assets in year $11($in $ million$)?$

$0+$ decimals

Attempt $1/10$ for $0\mathrm{.}5$ pts$.$

Part $7$

What is the NPV of this project $($in $ million$)?$