A company is considering a project with the following after-tax cashflows:

If the project is all-equity financed it has a required rate of return of \(15 \%\). To finance the project the firm issues a 4 year bond with face value of 100,000 and an interest rate of \(5 \%\). Remaining investments are financed by the firm's current operations. The company is facing a tax rate of \(30 \%\).
Determine the NPV of the project.

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t X 0 1 2 3 150,000 60,000 60,000 60,000