16. The Vikrant Corporation is considering a new project, which costs 250,000. The project will provide cost savings of *30,000 a year for 5 years. It would be financed by a 5-year loan with the following payment schedule Total Interest at 15% Principal Balance Payment 14,916 7,500 7,416 42,584 14,916 6,388 8,528 34,056 14,916 5,108 9,808 24,248 14,916 3,637 11,279 12,969 14,916 1,947 12,969 0 The corporate tax rate is 35 per cent. The project has the same risk as the firm's risk. The firm's cost of capital is 12 per cent. Calculate the project's NPV.