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You are a manager at Permeable Fiber, which is considering adding a new product line. Your boss said to you We already owe these consultants

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You are a manager at Permeable Fiber, which is considering adding a new product line. Your boss said to you "We already owe these consultants $1.6 million, and all they estimated is Net Incom. Before we spend $36 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 77.0 77.0 42.0 42.0 - Cost of goods sold Gross profit 35.0 35.0 -Selling, gen. & admin. exp. 4.0 4.0 -Depreciation 18.0 18.0 Net operating income 13.0 13.0 - Income tax 3.0 3.0 Net Income 10.0 10.0 The first relevant period's FCF is: The second relevant period's FCF is: The third relevant period's FCF (if any) is

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