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Harper Boatwrights is considering a new project with revenue of $422,000 per year for the indefinite future. Cash costs are 67 percent of revenue.

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Harper Boatwrights is considering a new project with revenue of $422,000 per year for the indefinite future. Cash costs are 67 percent of revenue. The initial cost of the investment is $498,000. The tax rate is 21 percent and the unlevered cost of equity is 15 percent. What is the net present value of the project? Multiple Choice $991,097 $733,436 $322,097 O $235,436 O $430,400 L

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