Conair has approved a project 5 years ago and the project still has 10 years of remaining life today. The management replaced the old equipment with a new equipment today. The old equipment was purchased S years ago at a cost of $30 million and was assumed to have no value at the end of its 15-year life. The new equipment costs $30 million and is assumed to have no value at the end of the project. The firm uses straight-line depreciation. The new equipment decreases Operating Expenses by $3 million per year, since the new equipment is cnergy efficient. The marginal tax rate is 35%. If the firm replaces the old equipment now,free cash flows for the next year will increase by $2.30 million O decrease by $2.12 million O increase by $2.35 million O decrease by $2.39 million increase by $2.23 million