19.

The following data apply to the next two questions. Wildcat Inc. is set to open a gold mine near Edmonton. The investment cost is expected to be 72 million dollars and will generate annual net cashflows of 13.50 million dollars for 5 years. The ratio of debt to equity is 1 to 1. The cost of equity is 13%, the cost of debt is 9%, and the tax rate is 34% 19 of 40 Marks What is the NPV of the project? O A. -$15,387,980 OB. $20,123,870 OC. $20,987,090 OD. $21,712,880 O E. None of the above Unsure