Your mining company is considering an expansion of operations into iron ore. Your engineers surveyed a particular piece of land three weeks ago (the survey cost $25,000) and concluded the following - You can extract 1,000 tons of iron ore per year . There are 4,000 tons of iron ore underneath this land Once all the ore has been extracted, the project will cease to produce any revenues - The price of ore will remain constant for the next 4 years. Currently are sells for $100 per ton The operating cost to extract the ore will be 560 per ton for the next 4 years . We will need to invest in the equipment for this project right now for $100,000 The equipment will be depreciated over a period of four years using the straight-line method, with an assumed salvage value of zero for tax purposes At the end of year 4 we can sell the equipment involved in the project for $20,000 - The expansion requires additional working capital (NWC) of $10,000 from the start (at time t) until the end of year 4. At time working ospital decreases to $0 The tax rate is assumed to be 40% Your cost of capital is 12% Please provide the Free Cash Flow for each year of this project (10 through t-4) and compute the projects NPV. There is a template provided with the Foal Exam Atachment in Blackboard. (please round all answers to the nearest dolla) T=0 Cash Flow. T=1 Cash Flow 5 T=2 Cash Flow 5 T=3 Cash Flow 5 T=4 Cash Flow S Click to select your answers)