A proposed project lasts three years and has an initial investment of $200,000. The after-tax cash flows are estimated at $60,670 for year 1, $121,260 for year 2, and $135,850 for year 3. The firm has a target debt equity ratio of 1.05. The firm's cost of equity is 12.58% and its cost of debt is 7.78%. The tax rate is 34%. What is the NPV of this project? $62,262 $63,858 $65,455 $67,051 $68,648