In a company there is the possibility of a new investment project and the Finance executive is asked to evaluate it, so he is presented with the following data:

Risk-free rate: 8%. Sector beta: 1.08 Market yield: 11.75%. Capital: $150,000,000.00 MXN Debt: $225,000,000.00 MXN

Composition of liabilities 115,000,000.00 MXN, financed at 8.1% by 10-year bonds in the market. $25,000,000.00 MXN, financed at 9.35% by 5-year bank debt. 55,000,000.00 MXN, financed at 13.95% by 3-year bank debt. $30,000,000.00 MXN, financed at 11.84% through the issuance of bonds.

The tax rate is 35% and an initial investment is required: $50,000,000.00 MXN with the following cash flows:

Cash flows:

Year. Net Cash Flow 1 $ 156,448.00 MXN 2 $ 2,654,987.00 MXN 3 $ 3,659,684.00 MXN 4 5,316,984.00 MXN 5 $ 7,962,158.00 MXN 6 $ 9,541,268.00 MXN 7 11,584,269.00 MXN 8 $ 13,584,987.00 PESOS 9 18,524,982.00 MXN 10 $ 22,020,780.00 MXN

a. Calculate the net value of this investment project.