P 9-31 (book/static) Question Help You are a manager at Percolated Fiber, which is considering expanding its operations in synthetic fiber manufacturing. Your boss comes into your office, drops a consultant's report on your desk, and complains, "We owe these consultants $1.5 million for this report, and I am not sure their analysis makes sense. Before we spend the $15.6 million on new equipment needed for this project, look it over and give me your opinion." You open the report and find the following estimates (in millions of dollars) Project Year Earnings Forecast 1 2 9 10 Sales Revenue 29.000 29.000 29.000 29.000 - Cost of Goods Sold 17.400 17.400 17.400 17.400 = Gross Profit 11.600 11.600 11.600 11.600 - General, Sales and Administrative Expenses 1.248 1.248 1.248 1.248 - Depreciation 1.560 1.560 1.560 1.560 = Net Operating Income 8.792 8.792 8.792 8.792 a. Given the available information, what are the free cash flows in years 0 through 10 that should be used to evaluate the proposed project? The free cash flow for year 0 is 5 million. (Round to three decimal places.)