(Click on the following icon in order to copy its contents into a spreadsheet.) You are a managec at Percolated Fiber, which is considering expanding its operations in synthete fiber manufacturing. Your boss comes into your office, drops a consultant's toport on your desk, and complains, "We cowe these consultarts $1.900 milion for this roport, and I am not sure their analysis makes sense. Before wo spend the $15.500 million on new equipment needed for this profect look a over and give me your opinion." You open the report and find the following estimates (in milions of dollars) All of the estmates in the report seem correct. You note that the consultants used stright-line depreciation for the new equipment that will be purchased today (year 0), which is what the acoounting dopartment recommended. They also calculated the deptedation assuming no salvage value for the equipment. The roport concludes that because the project will increase earnings by 96 . EA4 mation per year for 10 yearn, the project in worth 566.440 malion. You think back to your glory days in finanoe class and realie there is more work to be donel thoy have atilibuted 51.240 mation of aelling. general, and administative expenses to the propoct, but you know that so 620 mallion of this amount is overhead that will be incarred even if the probect ts not accepted. Finaly you know that accounting earnings are not the right thing to focus ont a. Given the avalable information, what are the free cash flows in years 0 through 10 that ahould be used to evaluate the proposed project? b. It the cont of capital for this propet is 13%, what is your estimate of the value of the new projoct