BNB Inc. has is evaluating a 10-year project that requires a machine that costs $200,000 and has a CCA rate of 30%. The machine is the only asset in the asset class and its salvage value is $5,000 at the end of year 10. The project generates $35,000 annual before-tax cash flow for 10 years. The cost of debt is 5% and the tax rate is 20%. a) Assume BNBs WACC is 9%, calculate the NPV using the WACC method. b) Assume BNB borrows $65,000 to finance the project and the cost of equity is 13%, calculate the NPV using the FTE method. c) Assume the flotation cost is 4% of the amount borrowed and BNB needs $65,000 (net of flotation cost) to finance the project. If the cost of unlevered equity is 9.5%, calculate the NPV using the APV method.