You are a manager at Percolated Fiber, which is considering expanding its operations in synthetic fiber manufacturing. Your boss comes into your office, drops a consultant's report on your desk, and complains, "We owe these consultants $1.6 million for this report, and I am not sure their analysis makes sense. Before we spend the $29 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): (Click on the following icon Earnings Forecast (\$ million) 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 0 is $ million. (Round to three decimal places and enter a decrease as a negative number.) The free cash flow for years 1 to 9 is $ million. (Round to three decimal places and enter a decrease as a negative number.) The free cash flow for year 10 is $ million. (Round to three decimal places and enter a decrease as a negative number.) b. If the cost of capital for this project is 9%, what is your estimate of the value of the new project? The value of the project is $ million. (Round to three decimal places.) You are a manager at Percolated Fiber, which is considering expanding its operations in synthetic fiber manufacturing. Your boss comes into your office, drops a consultant's report on your desk, and complains, "We owe these consultants $1.6 million for this report, and I am not sure their analysis makes sense. Before we spend the $29 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): (Click on the following icon Earnings Forecast (\$ million) 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 0 is $ million. (Round to three decimal places and enter a decrease as a negative number.) The free cash flow for years 1 to 9 is $ million. (Round to three decimal places and enter a decrease as a negative number.) The free cash flow for year 10 is $ million. (Round to three decimal places and enter a decrease as a negative number.) b. If the cost of capital for this project is 9%, what is your estimate of the value of the new project? The value of the project is $ million. (Round to three decimal places.)