NPV for an All-Equity Company Shattered Glass, Inc., is an all-equity firm. The cost of the company’s equity is currently 16 percent, and the risk-free rate is 6 percent. The company is currently considering a project that will cost $12.6 million and last six years. The project will generate revenues minus expenses each year in the amount of $4.4 million. If the company has a tax rate of 40 percent, should it accept the project?

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