Calculate the NPV of a project given the following - and should the company accept or reject the project: It is estimated that the project will deliver $25,000 operating profit each year for 12 years. The firm can borrow as much as they like from their bank (which is being bailed out by the Federal Government - bless 'em) at 10%. They have no retained earnings available - they are paying all their net profit out in dividends at $2.00 per share (I never said this was a well run company) They can sell stock at $20.00 with a flotation cost of $4.00 per share. The stock's earnings/dividends are growing at 6% They are in a 40% marginal tax bracket. The Board of Directors has determined a target capital structure of 60% debt and 40% common equity. - they have no preferred stock. The machine they are considering costs $160,000. And for the last time, be sure to show all work and formulas! You've been warned!