Consider an asset with the following cash flows:

	Year 0	Year 1	Year 2	Year 3
Cash flows ($ millions)	6	2.60	2.40	2.20

The firm uses straight-line depreciation. Thus, for this project, it writes off $2 million per year in years 1, 2, and 3. The discount rate is 10%.

a. Complete the following table. (Negative answers should be indicated with a minus sign. Round your cash flow, economic income, economic rate of return, book income, and book rate of return answers to 2 decimal places. All other answers should be rounded to the nearest whole number. Input the rates of return as decimal values, not percents.)

	Year 1	Year 2	Year 3
Cash flow
PV at start of year
PV at end of year
Change in PV
Economic depreciation
Economic income
Economic rate of return
Book depreciation
Book income
Book rate of return