Jom's company wants to have a project which

the project generates EBIT of $243,440 each year for 19 years, and the company plans to maintain the same D/E ratio

the initial cost is $1,360,000

the MRP is 9.9% and the risk free rate is 4.3%

company's beta is 1.6

company's current D/E ratio is 50%

pays tax at a rate of 20% and the cost of debt is 5.6%

Find out the NPV using WACC method, and the answer is -147,630.34.

Can someone explain how to get that result with steps?