Consider a project of the Pearson Company. The timing and size of the incremental after-tax cash flows for an all-equity firm are $-1000, $225, $450, $475, $500 from year 0 to 4 respectively. The unlevered cost of equity is 22%. a. Calculate the NPV? Should this project be accepted? b. The firm finances the project with $16000 debt at 5% with $100 after-tax flotation costs. Principal is repaid at $1000 per year with added interest. Pearsons tax rate is 40%. The net present value of the project under leverage? Now, Should this project be accepted?