42. A company has a proposed 2-year project with the cash flows shown below and would like to calculate the NPV of this project so that they can decide whether to pursue the project or not. The company has a target capital structure of 60% equity and 40% debt. The beta for this firms stock is 1.1, the risk-free rate is 4.3, and the expected market risk premium is 5.9%. The bonds for this company pay interest semiannually and have a coupon interest rate of 8%, 7 years to maturity, a face value of $1,000, and a current price of 946.78. If the corporate tax rate is 31%, what is the NPV of the proposed project for this firm? (Answer to the nearest dollar, but do not use a dollar sign).

Years	Cash Flows
0	-4,000
1	3,000
2	4,000

39. The current stock price for a company is $41 per share, and there are 3 million shares outstanding. This firm also has 220,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 8%, 16 years to maturity, a face value of $1,000, and an annual yield to maturity of 8.9%, what is the percent market value of debt for this firm? (Answer to the nearest hundredth of a percent, but do not use a percent sign).