Bolz Brands is considering the development of a new ketchup product. The ketchu will be sold in a variety of different colors and will be marketed to young children. In evaluating the proposed project, the company has collected the following information:

- The company estimates that the project will last for 4 years

- The company will need to purchase new machinery that has an up-front cost of P300 Million incurred at Year 0. At Year 4, the machinery has an estimated salvage value of 50 Million

- The machinery will be depreciated on a 4 year straight line basis

Production on the new ketchup product will take place in a recently vacated facility that the company owns. The facility is empty and Bolz does not intend to lease the facility.

-The project will require a P60 Million increase in inventory at Year 0. The company expects that its accounts payable will rise by P10 Million at Year 0. After Year 0, there will be no changes in net operating working capital until Year 4 when the project is completed and the net operating working capital is completely recovered.

- The company estimates that sales of new ketchup will be P200 Million each of the next four years.

-The operating costs, excluding depreciation, are expected to be P100 Million each year.

-The company's tax rate is 30%

-The project's WACC is 10%

What is the after tax operating cash flows from Year 0 to Year 4?

What is the project's estimated NPV?