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You are a manager at Aston Martin, 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 $1.3 million for this report, and I am not sure their analysis makes sense. Before we spend the $28.1 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 1 2 9 10 Sales revenue 25.000 25.000 25.000 25.000 - Cost of goods sold 15.000 15.000 15.000 15.000 Gross profit 10.000 10.000 10.000 10.000 General sales and administrative expenses 2.176 2.176 2.176 2.176 Depreciation 2.81 2.81 2.81 2.81 Net operating profit 5.014 5.014 5.014 5.014 Income tax 1.531 1.531 1.531 1.531 Net profit 3.483 3.483 3.483 3.483 All of the estimates in the report seem correct. You note that the consultants used straight-line depreciation for the new equipment that will be purchased today (year O) which is what the accounting department recommended. They also calculated the depreciation assunting no savage value for the equipment which is the company's assumption in this case. The report condudes that because the project will increase earnings by $3.483 million per year for ten years. the project is worth $34.83 million you think back to your glory days finance class and realise there is more work to be done! Flest you note that the consultants have not factored in the fact that the project will require 39.6 million in net working capital op front year, which will be fully recovered in year 10. Net you see they have attributed $2.176 million of selling general and administrative expenses to the project, but you know that $1.01 milion of the amount is overhead that will be incurred even if the project is not accepted. Finally, you know that accounting rings are not the right thing to focus on (a) The free cash flow for year is $ milion Round your answer to three decimal placed The free cash flow for years 1 to 9 is (Round your answer to three decimal places) million The tree cash flow for year 10 is $ million Cound your answer to three decimal places) (by it the cost of capital for this project is 12.15 the value of the project is $ (Round your answer to three decimal places - micr True or Foder You should not accept the project Choose the best from the drop down mena) (No answer given) Falso True (No answer given Check