It is the end of 1979. At that time, American Chemical Corporation was required to divest its Sodium Chlorate business located at Collinsville as part of its antitrust agreement. Dixon Corporation expressed interest. The price that they talked about was about $12 million. Dixon is wondering if the Collinsville plant is worth $12 million and they would like to compute the NPV of the investment. They made the following projections of pre-tax profits of the Collinsville plant under their ownership for the next five years. The plant would be liquidated at its book value at the end of 5 years.

	End-of-year
		1980	1981	1982	1983	1984
Revenues		$13,280	$16,800	$19,760	$21,356	$23,028
Total Manufacturing Costs		($10,824)	($12,869)	($14,919)	($16,317)	($17,973)
Other Charges (incl. depr.)		($1,623)	($1,713)	($1,806)	($1,905)	($2,029)
EBIT		$833	$2,218	$3,035	$3,134	$3,026

Collinsville plant is subject to a 48% tax rate of profits. The $12 million investment in 1979 would be allocated $10,600 towards fixed assets and $1,400 towards working capital. The fixed assets, depreciation and working capital forecasts for the next five years are provided below:

	1979	1980	1981	1982	1983	1984
Net PP&E	$10,600	$10,025	$9,440	$8,840	$8,230	$7,560
Net Working Capital	$1,400	$1,196	$1,512	$1,778	$1,922	$2,072
Depreciation		$1,060	$1,110	$1,160	$1,210	$1,270

Hint: Capital expenditure = Net PPE this year - Net PPE last year + Depreciation this year.

What are the free cash flows from the Collinsville plant (input your responses rounded to whole numbers and without the comma or $ sign)?

1980: ??

1981: ??

1982: ??

1983: ??

1984: ??

Assume that the plant terminates in Year 5 (i.e. 1984) and that the company sells assets at book value at the end of year 5. What is the terminal value at the end of the project's 5-year life.

Terminal Value ??