If Manterd Sfantax formnation is an intfirnational manufacturer of fragrances for women. Management at Sentax is considering expanding the product line to men's fragrances. From the best estimates of the marketing and production managers, annual sales (all for cash) for this new line are 2,000,000 units at 100 dollar per unit; cash variable cost is 50 dollar per unit, and cash fixed costs are 18,000,000 dollar per year. The investment project requires 100,000,000 dollar of cash outflow and has a project life of 4 years. At the end of the 4-year useful life, there will be no terminal disposal value. Assume all cash flows occur at year-end except