Company XYZ wants to expand its operations with an aggressive plan. This plan entails building a new factory. The initial cost is $480 million (at t=0), it will last 8 years and is depreciated straight-line to a book value of 0. Annual sales and costs will be $300 million and $200 million respectively (in all 8 years). Inventories will rise immediately by $17 million. All working capital cimponents return to original values at the end of the project's life. Assume tax rate is 25%. If Salvage value of the factory at t = 8 is $120.2 million. What is the after tax salvation value? IT Accounts Payable rises immediately by $11.6 million. What is the FCFF at the beginning of the first year (i.e. at t-O)? If Accounts Receivables rise at the end of the first year (t = 1) by $42.1 million. What is the FCFF at the end of the first year (i.e. at t-1)? If we include the inflation rate of 6.1 % in our analysis, what will be the FCFF at the end of year 3 (ie. t=3)