The Rare Find Co.has the following information:

Debtoutstanding:$400million

Before-tax cost of debt:5%

Market cap:$7,500million

Cost of common stock:8%

Tax rate:21%

Rare Find is evaluating a project with the following information:

Over the next five years EBIT will equal:20million each year.

An investment of$25million is required in net working capital at the beginning of the project,which will be recovered at the end of the project.

The cost of the equipment will be$90million depreciated using straight-line to zero over the project's life,with no salvage value.

The project requires an additional1%risk premium above the firms WACC.

***Calculate the operating cash flows for the first year of the project.(Enter the full number, e.g. 5,000,000)