Globe is considering a new product with $40 million in sales and $30 million in cost of goods sold each year for the next 3 years (does not include depreciation expense). They will need a new machine that costs $9 million dollars. They will depreciate the machine to a zero book value using straight-line depreciation over 3 years. Interest expense is $1,000,000 per year. The tax rate is 25%. Determine the annual free cash flows. Years 1 through 3: $10,000,000 Years 1 through 3: $4,250,000 per year Years 1 through 3: $7,500,000 per year Years 1 through 3: $8,250,000 per year Years 1 through 3: $7,250,000 per year