For questions $1-3$ refer to the following information. $($Round your answer

to three decimal places. For example $1\mathrm{.}23450$ or $1\mathrm{.}23463$ will be rounded

to $1\mathrm{.}235$ while $1\mathrm{.}23448$ will be rounded to $1\mathrm{.}234)$

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

components return to original values at the end of the project's life.

Assume tax rate is $25\%.$

Part $1$

If Salvage value of the factory at $t=8$ is $$116\mathrm{.}4$ million. What is the after

tax salvation value?

Part $2$

If Accounts Payable rises immediately by $$13\mathrm{.}6$ million. What is the FCFF at

the beginning of the first year $($i$.$e$.$ at $t=0)?$

Part $3$

If Accounts Receivables rise at the end of the first year $(t=1)$ by $$25\mathrm{.}5$

million. What is the FCFF at the end of the first year $($i$.$e$.$ at $t=1)?$