Dell is evaluating the proposal of a new factory in an overseas country (Germany). The currency in the overseas country is Euro. Dell will be renting a premise of 50,000 Square feet for this facility. Annually the factory expects to sell 20,000 units of Keyboard at 3 euro per keyboard. Total capital cost is 20,000 euro and is depreciated using the straight-line method over five years to a zero-salvage value. The monthly salary expense will be 3000 euro, whereas annual utility and other expense will be 2,000 euro. The annual total rent is 5,000 euro. Variable costs are 10 per cent of annual sales revenue. Assume; initially, Dell will require 4,000 euro in working capital for this project. However, after the project, Dell will not receive anything from the working capital. Besides, there are no additional cash inflows and outflows from this project. The project does not have any tax implication. Calculate 5 year cash flows from the asset (CFFA) for this project.