Consider the after-tax cash flows below from a project that is being considered by Despondus Corporation. Since the project is an extension of the firm's current business, it carries the same risk as the overall firm.

Year	0	1	2	3	4	5
Cash Flow	-$424,000	$94,000	$65,000	$98,000	$90,000	$97,000

Despondus Corporation's common stock is currently priced at $133.96, and there are 887,000,000 shares outstanding. A dividend of $4.29 per share was just paid, and dividends are expected to grow at a constant rate of 9.38% per year.

The company has 8,000,000 bonds outstanding that mature in 30 years and are currently priced at $1,049 per bond. The coupon rate is 11.45%, and the bonds make semiannual interest payments. The company's tax rate is 36%.

What is Despondus Corporation's after-tax cost of equity?

What is Despondus Corporation's after-tax cost of debt?

What is Despondus Corporation's weighted average cost of capital (WACC)?

What is the net present value of the project? (Round to the nearest dollar.)