constant for eight years. Total manufacturing costs and operating expenses (excluding depreciation) are 80% of sales, and profits are taxed at 30%. a. What are the free cash flows of the project? b. If the cost of capital is 15%, what is the NPV of the project? a. What are the free cash flows of the project? The FCF for year 0 is $ million. (Round to three decimal places.) The FCF for years 1-7 is $ million. (Round to three decimal places.) The FCF for year 8 is $ million. (Round to three decimal places.) b. If the cost of capital is 15%, what is the NPV of the project? The NPV of the project is $ million. (Round to three decimal places.) constant for eight years. Total manufacturing costs and operating expenses (excluding depreciation) are 80% of sales, and profits are taxed at 30%. a. What are the free cash flows of the project? b. If the cost of capital is 15%, what is the NPV of the project? a. What are the free cash flows of the project? The FCF for year 0 is $ million. (Round to three decimal places.) The FCF for years 1-7 is $ million. (Round to three decimal places.) The FCF for year 8 is $ million. (Round to three decimal places.) b. If the cost of capital is 15%, what is the NPV of the project? The NPV of the project is $ million. (Round to three decimal places.)