Complete a cash flow analysis assuming a twenty year life of a biofuel plant with 40 million gal gasoline equivalent/yr capacity. Biomass feedstock is 47wt% carbon on a dry weight basis. Total capital investment upfront in year 0 is $400 million and 84% of the TCI is accounted for by the FCI. Annual costs include biomass feedstock, whose price varies over the 20 years ($75/ dry ton in years 1 to 5, $100/ dry ton in years 5 to 15, $120/dry ton in years 15 to 20) and additional operating expenses of $1/gal gasoline equivalent (this will include utilities, labor, chem&cat etc.). Biomass feedstock yields 70 gallons of gasoline equivalent per dry ton of biomass. Federal tax rate is 21% and fixed capital is depreciated using straight