8. A corporation borrows 80000 lei at an interest rate of 10%, in order to finance a project with a length of life of four years. The credit covers 50% of the investment outlay, the difference being financed by equity at a cost of 15%. The credit is reimbursed over the next four years in equal principals. The project generates annual EBITs of 40000 lei. The corporate tax rate is 16%.

Compute the NPV and fill in the table: (1.25 pct)

CF 1	CF 2	CF 3	CF 4	WACC	NPV