Samsung is introducing a new product for three years that will cost $9,710,000 and is expected to generate operating profit of $4,750,000 per year. Market research undertaken this year at a cost of $60,000 has indicated that if there are any working capital invested into a new project, 50% of the working capital may be recoverable at the end of the project. This project will also produce $200,000 of depreciation per year. Assume the companys tax rate is 35%. In addition, this project will create the following accounts balances in each of the next three years starting from its first year (Year 1) of operation:

4. Samsung is introducing a new product for three years that will cost $9,710,000 and is expected to generate operating profit of $4,750,000 per year. Market research undertaken this year at a cost of $60,000 has indicated that if there are any working capital invested into a new project, 50% of the working capital may be recoverable at the end of the project. This project will also produce $200,000 of depreciation per year. Assume the company's tax rate is 35%. In addition, this project will create the following accounts balances in each of the next three years starting from its first year (Year 1) of operation: Current balance without the project Balance with the project Cash $55,000 $89,000 Inventory 100,000 180,000 Accounts Payable 70,000 120,000 Required: Calculate the project's Free Cash Flows (FCFs)