Ham Co. is thinking to raise $100,000,000 in new equity for a new project. In order to preserve the ownership percentages of current stock holders, the management is thinking to raise the new equity through a right issue. At the moment (that is before the right issue) there are 80,000,000 outstanding shares and the market price of each share of stock is 9.5$. The subscription price of the new shares of stock will be $7.7 for each new share. The new project is expected to produce a net income of $18,000,000 in the first year, and to have a constant EBITDA for the 8 years of its life. The new assets will be depreciated by 1/10 of their initial value every year. At the end of its life (that is, after 8 years) the project's assets will be sold at their residual value. The company currently (that is, before starting the new project) holds a $300,000,000 in debt. For the new project, the company plans to keep the same debt-to-equity ratio as the rest of the company and to keep it constant for the life of the project. The unlevered return on equity is 9% while the required return on debt is 3%, the corporate tax rate is 26% and the depreciation tax shield is as risky as the company's debt.

What is the unlevered after tax cash flow from assets at the end of every year?