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Comprehensive Project for WACC and NPV Company A is considering a 4 - year project. They own a piece of land that could be sold

Comprehensive Project for WACC and NPV
Company A is considering a 4-year project. They own a piece of land that could be sold for $100,000. They hired an engineer to evaluate it and she has approved it for building a new factory. The engineer billed the company for $15,000. Building a new factory will cost $776000 and the new product is estimated to result in $439000 in annual sales. It will reduce the sales of the existing product by $50,000, and it will have an annual cost of $100,000 The project will be depreciated straight line to $200,000 over 5 years, and it will have a salvage value at the end of the project of $138000. For this project the company will issue a bond and it will cost the company $60,000/year in interest. The factory also requires an initial investment in spare parts inventory of $71000, along with an additional $11100 in inventory for each succeeding year of the project. The company's tax rate is 0.35.
This company also has $620,000 shares of common stock outstanding. The current share price is $75.39, and the book value per share is $6.95. This company also has two bond issues outstanding. The first bond issue has a face value of $67000000, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $64000000, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par.
The most recent dividend was $2.60 and the dividend growth rate is 0.07. Both bonds make semiannual payments.
The risk free rate is 3% and his company has a beta of 1.2. The return of the market is 10%.
This project is considered to be riskier than the companys existing operations and the company evaluates riskier projects by adding a 2% premium to its WACC.
Calculate the NPV and the IRR of this Project. Should the company take this project?
Please help with the excel sections attached in the photo.
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