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14 1 pts You (as a private equity investor) note that Hostess is a decent-looking, debt-free company, operating in steady-state forever. Last year's Net Income

14 1 pts You (as a private equity investor) note that Hostess is a decent-looking, debt-free company, operating in steady-state forever. Last year's Net Income was $100K. rE for the firm is 12.00%. You are considering this project: - Buy 100% of Hostess' stock today for $900K. - Live forever and own the firm forever. What is the NPV of this project? -66.667

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