DIY Inc. has is evaluating a 12-year project. The project requires a machine that costs $125,000 and has a CCA rate of 25%. The machine is the only asset in the asset class and its salvage value is $8,000 at year 12. The project generates $42,500 annual before-tax cash flow for 12 years. The cost of debt is 6% and the tax rate is 30%. a) Assume DIYs WACC is 10%, calculate the NPV using the WACC method. b) Assume DIY borrows $35,000 to finance the project and the cost of equity is 12.5%, calculate the NPV using the FTE method. c) Assume the flotation cost is 3% of the amount borrowed and DIY needs $35,000 (net of flotation cost) to finance the project. If the cost of unlevered equity is 10.5%, calculate the NPV using the APV method.