Hide Time Remaining A Question 3 of 10 10 Points NJT is considering a $250m investment is a new rail line. The project is expected to generate a net $32m per year, and its unlevered cost of capital is 8%. NJT corporate tax rate is 21%. NI is going to issue a permanent debt of $250m to fund the project. The underwriting fee is 2% of the issuance amount paid upfront. The NPV of the new rail line is closest to $_ m O A. 235 OB. 198 C. 240 OD. 210 Reset Selection Hide Time Remaining A Question 3 of 10 10 Points NJT is considering a $250m investment is a new rail line. The project is expected to generate a net $32m per year, and its unlevered cost of capital is 8%. NJT corporate tax rate is 21%. NI is going to issue a permanent debt of $250m to fund the project. The underwriting fee is 2% of the issuance amount paid upfront. The NPV of the new rail line is closest to $_ m O A. 235 OB. 198 C. 240 OD. 210 Reset Selection