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 $1.7 million for this report, and I am not sure their analysis makes sense. Before we spend the $26 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) 9 Sales revenue Cost of goods sold = Gross profit - General, sales, and administrative expenses Depreciation = Net operating income Income tax 1 27.000 16.200 10.800 2.080 2.600 6.120 2.142 2 27.000 16.200 10.800 2.080 2.600 6.120 2.142 27.000 16.200 10.800 2.080 2.600 6.120 2.142 10 27.000 16.200 10.800 2.080 2.600 6.120 2.142 a. Given the available information, what are the free cash flows in years 0 through 10 that should be used to evaluate the proposed project