Problem 9-17b Question Help You are a manager at Northern Fibre, which is considering expanding its operations in synthetic fibre manufacturing. Your boss comes into your office, drops a consultant's report on your desk, and complains, "We owe these consultants $1.8 million for this report, and I am not sure their analysis makes sense. Before we spend the $16 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 milions o dollars) Project Year 10 33.000 33.000 19.800 19.800 13.200 13.200 1280 1.280 1600 1.600 10.3200 10.3200 Earnings Forecast ($000,000s) Sales revenue 33.000 33.000 19.800 9.800 13.200 13.200 1.280 1.280 1.600 1.600 10.3200 10.3200 Cost of goods sold = Gross profit - General, sales, and administrative expenses Depreciation Net operating income