A company is planning to invest in a new business area. Estimates of the lifecycle cash flows of the investment have been prepared.

Year $0$ FCF: $-6,4($M$.$ euros$),$ Year $1$ FCF: $1\mathrm{.}7$ M$.$e $,$ Year $2$ FCF: $3$ M$.$e $,$ Year $3$ FCF: $3,7$ M$.$e $,$ Year $4$ : $1$ M$.$e

An appropriate cost of capital is still required to calculate NPV$.$ The estimated risk$-$free return is $2\mathrm{.}5\%$ and the expected return on the market portfolio is $7\mathrm{.}5\%.$ TThe company has identified three peer companies $($COM$,$ PARA and BLES$)$ whose shares are traded on the securities market and whose business is comparable to the planned investment. COM is a wholly equity financed company with a $\backslash$beta E of $1\mathrm{.}42.$

The enterprise decides that the cost of capital $($rU$)$ to be used in the investment calculation is $10\%.$ Calculate the NPV of the investment $[$k$].$

The company estimates that the debt$-$to$-$value ratio is $40\%$ of net debt and aims to maintain this capital structure. Therefore, in the investment calculation, the calculation interest rate should be the so$-$called interest rate. after$-$tax WACC. What is this rWACC if the company's income tax rate is $20\%$ and the borrowing cost is $4\mathrm{.}0\%?$ Enter the answer as a percentage to two decimal places $[$x$.$xx$].$

What is the NPV $[$k$]$ of the investment project corresponding to the cost of capital you calculated in the previous section?

What is the present value of the tax protection of interest generated by the investment $[$k$]?$