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D Question 9 1 pts . A proposed project: Lasts 3 years, after which it will be scrapped for $0 Has an initial price of

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D Question 9 1 pts . A proposed project: Lasts 3 years, after which it will be scrapped for $0 Has an initial price of $150,000. The after-tax cash flows (including depreciation tax shields) are estimated at $50,000 for year 1, $60,000 for year 2, and $75,000 for year 3. The firm has a target debt/equity ratio of 1.5. The firm's cost of equity is 14% and its cost of debt is 9%. The tax rate is 21%. What is the NPV of this project? . -512,370 $6,687 $ 10,477 5 11.773 $12,370

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