b. The firm finances the project with $7500 debt at 8% with $100 after-tax flotation costs. Principal is repaid at $600 per year with added interest. Pearson's tax rate is 65%. The net present value of the project under leverage? Now, Should this project be accepted? b. The firm finances the project with $7500 debt at 8% with $100 after-tax flotation costs. Principal is repaid at $600 per year with added interest. Pearson's tax rate is 65%. The net present value of the project under leverage? Now, Should this project be accepted