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(11) [5] Suppose HMD's tax rate is 50%. What is the project's net present value? (a) $5,135,000. (b) $39,730,000. {c)* $9, 820, 000. {(1} $24.

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(11) [5] Suppose HMD's tax rate is 50%. What is the project's net present value? (a) $5,135,000. (b) $39,730,000. {c)* $9, 820, 000. {(1} $24. 775. 000

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