and Cost of Capital Assets Liabilities Cost of Capital Cash 0 Debt 200 Debt 6% Other Assets 500 Equity 300 Equity 12% c 21% Omicron Industries New Project Free Cash Flows Year 0 1 2 3 Free Cash Flows ($100) $40 $50 $60 Assume that this new project is of average risk for Omicron and that the firm wants to hold constant its debt to equity ratio. The NPV for Omicron's new project is closest to: Question content area bottom Part 1 A. $27.50 million. B. $28.75 million. C. $24.75 million. D. $23.75 million