Intro Beats wants to build a new factory to produce its headphones. It will cost $140 million initially to build the factory over the course of 12 months, which will be worthless after 10 years. The factory will be depreciated nearly to $0 over 10 years Beats already owns the land on which the factory will be built. The land is currently worth $10 million and was purchased for 52 million eight years ago After completion of the factory at the end of year 1 Beats expects earnings before interest and taxes (EBIT) of 540 million each year for 10 years. The company also has to add inventory (components) worth $10 million just before operation starts at the end of the first year Beat's marginal tax rate is 21% and the appropriate cost of capital for this project is 99% Part 1 TE-Attempt 1/2 for 10 pts What is not capital spending in year o, in at the start of the project in 9 million? 0+ decimals IB Attempt 1/2 for 10 pts Part 2 What is the cash flow from assets in year in Smilion? D-decimals Submit - Attempt 1/2 for 10 pts Part 3 What is the cash flow from assets in year 1 on 5 million)? Ddecimals Submit A Part 4 What is the annual depreciation in year 2 (in $ million)? 0+ decimals Submit IT | AE Part 5 What is the cash flow from assets in year 2 (in $ million)? 1+ decimals Submit IT Atte Part 6 What is the cash flow from assets in year 11 (in $ million)? 0+ decimals Submit IBAtten Part 7 What is the NPV of this project in $ million)? 0+ decimals