ABC COMM TRADING is an established company dealing in telecommunication business. Recently the company has tendered a ten-year project that costs RM100 million. The company's current Debt-to-Equity Ratio (DER) is 2.5 and it wishes to maintain the ratio for this coming project. The cost of equity and pre-tax cost of debt are 11 percent and 8.5 percent, respectively with a tax bracket of 24 percent. Should the company need additional financing for the project, the share issuance will cost 5 percent whilst the bond underwriting costs 3.5 percent. The project will generate after-tax cash inflows of RM25 million annually. Determine Net Present Value (NPV) of the project considering the floatation cost