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A firm has projected the following financials for a possible project: YEAR 0 1 2 3 4 5 Sales 135,393.00 135,393.00 135,393.00 135,393.00 135,393.00 Cost

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

YEAR 0 1 2 3 4 5
Sales 135,393.00 135,393.00 135,393.00 135,393.00 135,393.00
Cost of Goods 61,428.00 61,428.00 61,428.00 61,428.00 61,428.00
S&A 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
Depreciation 23,582.00 23,582.00 23,582.00 23,582.00 23,582.00
Investment in NWC 1,221.00 503.00 503.00 503.00 503.00 503.00
Investment in Gross PPE 117,910.00

The firm has a capital structure of 33.00% debt and 67.00% equity. The cost of debt is 9.00%, while the cost of equity is estimated at 13.00%. The tax rate facing the firm is 35.00%. (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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