ABC co has a target debt ratio of 40% and it keeps this target. The cost of equity is 10% and the cost of debt is 4%. Its is considering expanding its busines and required $1 million investment. After expansion, ABC expects addition free cash flow of $0.2 million per year in perpetuity. ABC decides to issue equity to finance this expansion. The equity issuance cost is 5% the corporate tac is 30%. Assume that abc will maintain the target debt ration. What is the NPV of the expansion project?