This case focuses on the potential expansion opportunity of Hansson Private Label (HPL), a mid-size producer of private label personal care products. Tucker Hansson is trying to decide whether it makes sense for him to invest $50 million to expand production capacity for his firm. The expansion has significant risk associated with it, but also significant potential return on investment. Mr. Hansson is looking for guidance with respect to whether or not he should incur significant debt and make the $50 million capacity expansion. Using the assumptions made by the Executive VP of Manufacturing, Robert Gates, estimate the projects potential free-cash-flows (FCFs). Are Gates’ projections realistic? If not, what changes might you suggest be incorporated?