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A firm has projected the following financials for a possible project: YEAR 0 1 2 3 4 5 Sales 129,409.00 129,409.00 129,409.00 129,409.00 129,409.00 Cost

A firm has projected the following financials for a possible project:

YEAR 0 1 2 3 4 5
Sales 129,409.00 129,409.00 129,409.00 129,409.00 129,409.00
Cost of Goods 69,540.00 69,540.00 69,540.00 69,540.00 69,540.00
S&A 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
Depreciation 20,465.20 20,465.20 20,465.20 20,465.20 20,465.20
Investment in NWC 1,014.00 582.00 582.00 582.00 582.00 582.00
Investment in Gross PPE 102,326.00

The firm has a capital structure of 41.00% debt and 59.00% equity. The cost of debt is 9.00%, while the cost of equity is estimated at 12.00%. The tax rate facing the firm is 38.00%. (Assume that you can't recover the final NWC position in year 5. i.e. only consider the change in NWC for each year)

What is the NPV of the project? (Hint: Be careful about rounding the WACC here!)

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