You work for Apple. After toiling away on $$9\mathrm{.}8$ million worth of prototypes, you have finally produced your answer to Google Glasses: iGlasses $($the name alone is genius$).$ iGlasses will instantly transport the

wearer into the world as Apple wants him to experience it: iTunes with the wink of an eye and apps that can be activated just by looking at them. You think that these will sell for $5$ years until the next big thing

comes along $($or until users are unable to interact with actual human beings$).$ Revenues are projected to be $$458\mathrm{.}1$ million per year along with expenses of $$347\mathrm{.}3$ million. You will need to spend $$63\mathrm{.}6$ million

immediately on additional equipment that will be depreciated using the $5-$year MACRS schedule. Additionally, you will use some fully depreciated existing equipment that has a market value of $$9\mathrm{.}6$ million. As the

iGlasses are an outcome of the R&D center, Apple plans to charge $$5\mathrm{.}4$ million of the annual costs of the center to the iGlasses product for $5$ years. Finally, Apple's working capital levels will increase from their

current level of $$118\mathrm{.}2$ million to $$135\mathrm{.}9$ million immediately. They will remain at the elevated level until year $5,$ when they will return to $$118\mathrm{.}2$ million. Apple's discount rate for this project is $14\mathrm{.}3\%$ and its tax rate

is $20\%.$ Calculate the free cash flows and determine the NPV of this project. $($Note: Assume that the opportunity cost must be after$-$tax and the equipment is put into use in year $1.)$

Calculate the free cash flows below: $($Round to two decimal places.$)$