Blank Corp. has a market capitalization of $17M and debt with market value of $5M and cash of $2M. Blank will keep their current Debt/Equity ratio constant. The equity cost of capital is 12% and the cost of debt rD=5%. The corporate tax is 25%. Assume a market risk premium of 6% and a risk-free rate of 4%. The firm is considering an expansion project with the same risk as the firm's existing assets with the following cash flows: What is the NPV of this project? How much new equity will Blank need to start the project