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 million for this report, and I am not sure their analysis makes sense. Before we spend the 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):

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 $1.1 million for this report, and I am not sure their analysis makes sense. Before we spend the $21 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): 2 Sales revenue Cost of goods sold = Gross profit General, sales, and administrative expenses - Depreciation = Net operating income - Income tax 1 32.000 19.200 12.800 1.680 2.100 9.020 3.157 32.000 19.200 12.800 1.680 2.100 9.020 3.157 9 32.000 19.200 12.800 1.680 2.100 9.020 3.157 10 32.000 19.200 12.800 1.680 2.100 9.020 3.157 GO 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? The free cash flow for year is $ million. (Round to three decimal places, and enter a decrease as a negative number.) 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 $1.1 million for this report, and I am not sure their analysis makes sense. Before we spend the $21 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): 2 Sales revenue Cost of goods sold = Gross profit General, sales, and administrative expenses - Depreciation = Net operating income - Income tax 1 32.000 19.200 12.800 1.680 2.100 9.020 3.157 32.000 19.200 12.800 1.680 2.100 9.020 3.157 9 32.000 19.200 12.800 1.680 2.100 9.020 3.157 10 32.000 19.200 12.800 1.680 2.100 9.020 3.157 GO 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? The free cash flow for year is $ million. (Round to three decimal places, and enter a decrease as a negative number.)