Problem 9-17o Question Help You are a manager at Northern Fibre, which is considering expanding its operations in synthetic fibre manufacturing. Your boss comes into your office, drops a consultant's report on your desk, and complains, "We owe these consultants $1.8 million for this report, and I am not sure their analysis makes sense. Before we spend the $16 million on new equipment needed for this project, look it over and give me your opinion. You open the report and find the following estimates (in millions of dollars): Project Year Earnings Forecast ($000,000s) Sales revenue 33.000 33.000 9.800 19.800 3.200 13.200 1.280 1.280 600 1.600 10.3200 10.3200 10 33.000 33.000 19.800 19.800 13.200 13.200 1.280 1280 1.600 1.600 10.3200 10.3200 Cost of goods sold Gross profit - General, sales, and administrative expenses Net operating income