Acme Corp has a target capital structure of 40% debt and 60% equity. It has $350 million in bonds outstanding with a yield of 7% and 50 million shares of stock outstanding with a current market price of $10.50 per share. The company's beta is 1.32 and the risk-free rate of interest is 4% with a market risk premium of 6%. The firm has a tax rate of 25%. The company is looking to raise $250 million to build a second factory. The new factory will increase output substantially. The table below shows the anticipated cash flows generated from the new factory including a salvage value in year 5. What is the NPV of this project? Year Cash Flow ($mill) 0 -250 50 50 2 3 100 4 100 50 5 $16.66 million $19.54 million $48.78 million $25.87 million