You are a manager at Percolated Fiber, which is considering expanding its operations by starting a new project. Your boss said to you "We already owe these consultants $2.3 million, and all they estimated is Net Income. Before we spend $14 million on new equipment for this project, look the report over and give me your opinion." Here are the report's estimates (in millions of dollars; note that the question is continued below, so you need to scroll down to see it all): 1 2 Sales revenue 94.0 94.0 - Cost of goods sold 49.0 49.0 Gross profit 45.0 45.0 -Selling, gen. & admin. exp. 9.8 9.8 -Depreciation 7.0 7.0 Net operating income 27.2 27.2 - Income tax 5.2 5.2 Net Income 22.0 22.0 The first relevant period's FCF is: The second relevant period's FCF is: The third relevant period's FCF (if any) is: ...