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A firm has projected the following financials for a possible project YEAR 0 1 2 3 4 5 Sales 135,846.00 135,846.00 135,846.00 135,846.00 135 846.00

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A firm has projected the following financials for a possible project YEAR 0 1 2 3 4 5 Sales 135,846.00 135,846.00 135,846.00 135,846.00 135 846.00 Cost of Goods 62,389.00 62,389 00 62 389.00 62,389.00 62,389.00 S&A 30,000.00 30,000.00 30,000.00 30 000.00 30,000.00 Depreciation 21,370 20 21.370.20 2137020 21,370 20 21,370 20 Investment in NWC 1,097 00 594.00 594.00 594.00 594.00 594.00 Investment in Gross PPE 106,851.00 The firm has a capital structure of 39.00% debt and 61.00% 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 37.00% (Assume that you can't recover the final NWC position in year 5.1.0 only consider the change in NWC for each year) What is the NPV of the project? (Hint Be careful about rounding the WACC here!) Submit Answer format: Currency Round to 2 decimal places

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