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A firm has o target debt-equity ratio of 0.5 . The cost of debt is 55 and the cost of equity is 15 The company

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A firm has o target debt-equity ratio of 0.5 . The cost of debt is \55 and the cost of equity is \15 The company has a \32 tax iote. A project has an initial cost fimwestnisnt of \\( \\$ 72,000 \\) and an annual atter-tax cash flow of \\( \\$ 20,000 \\) for 7 years. There is no salvage value or net working capatal requirement What is the net present value of the project using the WACC? You can ignore investment depreciation tax shilds for this quostiocis NOTE Keep at least 4 decimal places for INTERMEDIATE CALCULAnONS Enter your FINAL ANSWER to TWO decimal ploces. Do NOT ineludo a 5 sign Numere Resuonse

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