1. You are the director of mergers and acquisitions for R&R Dog Company and you just purchased the Milk Bone Dog Biscuit product line from one of your competitors. You expect to generate cash flows of $10 million, $20 million, $30 million and $40 million, respectively, in each year over the next four years.. If R&R's appropriate interest rate is 10 percent, what do you estimate is the value today of Milk Bone's cash flows?