Intro Beats wants to build a new factory to produce its headphones. It will cost $300 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 $40 million each year for 10 years. The company also has to add Inventory (components) worth $5 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 10% Part 1 - Attempt 1/2 for 10 pts What is net capital spending in year , i.e., at the start of the project (in 9 million)? 0+ decimals Attempt 1/2 for 10 pts. Part 2 What is the cash flow from assets in year 0 (in $ million)? 0+ decimals Submit 8 Attempt 1/2 for 10 pts Part 3 What is the cash flow from assets in year 1 (in $ million)? 0+ decimals Submit Attempt 1/2 for 10 pts Part 4 What is the annual depreciation in year 2 (in S million)? 0+ decimals Submit B Attempt 1/2 for 10 pts Part 5 What is the cash flow from assets in year 2 (in 9 million)? 0+ decimals Submit - Attempt 1/2 for 10 pts Part 6 What is the cash flow from assets in year 11 (in S million)? 0+ decimals Submit Te Attempt 1/2 for 10 pts. Part 7 What is the NPV of this project (in S million)? 1+ decimals Submit