lease select 5. NPV and other Capital Budgeting Criteria to complete chapter 13 problems in Ac Intro Beats wants to build a new factory to produce its headphones It will cost $190 million initilly to build the factory over the course of 12 months, which will be worthless after 10 years. The factory will be depreciated linearty to so over 10 years. Beats already owns the land on which the factory will be builit 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 $31 million each year for 10 years. The company also has to add inventory (components) worth $6 milion just before operation starts at the end of the hrst year Beats marginal tax rate is 21% and its cost of capital is 8%. astbe lte 8 Attempt 3/6 for 10 pts Part 1 What is net capital spending in year o, .., at the start of the project (in S million)? Submit