$5.$ Beacon Development is considering a proposal to purchase a warehouse for

$$250,000.$ The firm plans to borrow $$175,000$ on a $3-$year bullet loan at $10\%($interest paid at end of each year with the whole principal due at the maturity of loan$).$ EBIT from the warehouse are expected to be $$30,000$ each year for $3$ years with an after$-$tax resale value of $$275,000$ from the warehouse at the end of year $3.$ If the levered cost of equity is $12\%$ and the tax rate is $20\%,$ what is the FTE for the purchase?