Assume your company is evaluating a project with cash flows 600,000 per year for four years. The project will require 500,000.00 in working capital and 2,000,000.00 in capital costs. The salvage value will be 550,000.00. The companys tax rate is 21%. Your company has common stock that sells for 36.00 a share, the next dividend will be 2.52 a share. The beta is 1.2 and dividends grow at a rate of 2.3%. The company has 1.5 million shares of common stock. The company has preferred stock of 1,000,000 shares at a price of 25.00 with a 6% dividend. The company can borrow money at 5% but currently has no debt. Find NPV.

Please work this out, not on excel. Thank you!