I tried solving it but year 1 values were wrong..

Assume that in the original ltyesi example in Table all sales actually occur in the United States and are projected to be $60.0 million per year for four years. Keeping other same, calculate the NPV of the investment opportunity. Assume the WACC is 6.8%. The forward exchange rates are given below Year 4 Forward Exchange Rate (/)1.6000 1.5551 1.5115 1.4692 1.4280 Calcualte the cash flows below: (Round to three decimal places. Forward exchange rates must be rounded to four decimal places.) Year Free cash flow (millons of pounds) Forward exchange rate Free cash flow (millons of dollars) Sales in the US (millons of dollars) Cash flow (millons of dollars) 17.50011.250 1.5551 -28.00017.495 60.000 42.505 1.6000 0.000 28.000 TABLE 31.1 SPREADSHEET Expected Foreign Free Cash Flows from Ityesi's U.K. Project 2 3 Year Incremental Earnings Forecast (E millions) 1 Sales 2 Cost of Goods Sold 3 Gross Profit 4 Operating Expenses 5 Depreciation 6 EBIT 7 Income tax at 40% 8 Unlevered Net Income Free Cash Flow 9 Plus: Depreciation 10 L 11 Less: Increases in NWC 37500 37500 37500 37500 (15.625) 15.625) 15.625) 15.625) 21.875 21.875 21.875 21.875 (4.167) (5.625) (5.625) (5.625) (5.625) - (3.750) (3.750) (3.750) (3.750) (4.167) 12.500 12.500 2.500 12.500 1.667 5.000 5.000 (5.000 (5.000) (2.500) 7500 7500 7500 7500 3.750 3.750 3.750 3.750 ess: Capital Expenditures (15.000) 12 Pound Free Cash Flow (17.500) 11.250 11.250 11.250 11.250