Pro forma free cash flows for a proposed project should: exclude the cost of employing existing assets that could be sold anyway. Exclude interest expense. Include the depreciation tax shield related to the project. Exclude any required increase in operating current assets. I and II only II and III only II and IV only I, II, III, and IV You plan to buy a new Mercedes four years from now. Today, a comparable car costs $82, 500. You expect the price of the car to increase by an average of 4.8 percent per year over the next four years. How much will your dream car cost by the time you are ready to buy it? $98, 340.00 $98, 666.67 $99, 517.41 $99, 818.02