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 linearly 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 $2 million eight years ago After completion of the factory at the end of year 1. Beats expects earnings before interest and taxes (EBIT) of 340 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 9% Attempt 1/2 for 10 pts Part 1 What is net capital spending in year 0, i.e.at the start of the project (in 8 million)? 0+ decimals Submit Attempt 1/2 for 10 pts Part 2 What is the cash flow from assets in year 0 (in $ million)? 0+ decimals Submit - Attempt 1/2 for 10 pts. Part 3 What is the cash flow from assets in year 1 (in $ million)? 0+ decimals Submit Part 4 1 - Attempt 1/2 for 10 pts. What is the annual depreciation in year 2 (in $ million)? 0+ decimals Submit Part 5 What is the cash flow from assets in year 2 (in $ million)? 1+ decimals Submit IoAttempt 1/2 for 10 pts. Part 6 What is the cash flow from assets in year 11 (in $ million)? 0+ decimals Submit IS Attempt 1/2 for 10 pts. Part 7 What is the NPV of this project (in $ million)? 0+ decimals Submit