11.) You need to evaluate a company's new project. The immediate net capital spending will equal $90,000. Half of it will be financed with a 5% interest-only loan - i.e., with interest payments made each year and the principal amount paid off at the end of the project - and half with equity. This debt-equity ratio is the target ratio that the company will use for this project. Annual sales revenues generated from the project will equal $50,000. Annual costs will equal $10,000. For simplicity, assume that all assets will depreciate on a straight line to zero book value over 3 years, after which the project will be immediately shut down. The corporate tax rate is 40%, and the all-equity rate of return to stockholders is 8%. Calculate the NPV of the project using the Weighted Average cost of Capital approach. For full credit show all calculations, and explain in words what you are doing in each step