The Genefarb approved a 8-year project that requires an initial investment of $48 million for the equipment and working capital of $3 million. The marginal tax rate for Genefarb is 10%. The project will generate the following figures for each year during the life of the project: Sales of $60 million, Operating Expenses of $3 million and Depreciation and Amortization charges of $6 million. The firm uses straight-line depreciation and assumes that the equipment will fully depreciate at the end of the project. If the market value of the equipment is $1 million at the end of the project, what is the Free Cash Flow of the project in year 8? $55.80 million $60.26 million $45.90 million $51.34 million $50.22 million