You are a manager at Percolated Fiber, which is considering expanding its operations in synthetic fiber...

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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 $1.6 million for this report, and I am not sure their analysis makes sense. Before we spend the $27 million on new equipment needed for this project, look it over and give me your opinion." You open the report and find the following estimates (in millions of dollars): (Click on the following icon in order to copy its contents into a spreadsheet.) Earnings Forecast ($ million) Project Year 1 2 9 10 Sales revenue 33.000 33.000 33.000 33.000 - Cost of goods sold 19.800 19.800 19.800 19.800 = Gross profit 13.200 13.200 13.200 13.200 - Selling, general, and administrative expenses - Depreciation 2.160 2.160 2.160 2.160 2.700 2.700 2.700 2.700 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 $ million. (Round to three decimal places and enter a decrease as a negative number.) 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 $1.6 million for this report, and I am not sure their analysis makes sense. Before we spend the $27 million on new equipment needed for this project, look it over and give me your opinion." You open the report and find the following estimates (in millions of dollars): (Click on the following icon in order to copy its contents into a spreadsheet.) Earnings Forecast ($ million) Project Year 1 2 9 10 Sales revenue 33.000 33.000 33.000 33.000 - Cost of goods sold 19.800 19.800 19.800 19.800 = Gross profit 13.200 13.200 13.200 13.200 - Selling, general, and administrative expenses - Depreciation 2.160 2.160 2.160 2.160 2.700 2.700 2.700 2.700 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 $ million. (Round to three decimal places and enter a decrease as a negative number.)