Problem $10$: Capital Budgeting $15$ Points

The expected free cash flow from $an$ investment $is$ shown $in$ the table below:

$..$

Year Cash Flow

$1$ $$75,000\mathrm{.}00$

$2$ $$200,000\mathrm{.}00$

$3$ $$275,000\mathrm{.}00$

$4$ $$350,000\mathrm{.}00$

$5$ $$375,000\mathrm{.}00$

$6$ $$250,000\mathrm{.}00$

$7$ $$175,000\mathrm{.}00$

$8$ $$100,000\mathrm{.}00$

The cost $of$ this investment $is$ $$1$ million. The company's Board $of$ Directors requires $an11\%$ return $on$ all investments.

$a$