Jupiter Ltd is considering investing in a project that has a capital outlay on plant and equipment of $75million and lasts three years. Jupiter Ltd uses straight-line depreciation to zero for tax purposes, and at the end of that time, the plant and equipment could be sold for $9 million before tax. Net working capital of $800,000 will be required at the start of year 1 of operations, and this will be retrieved at the end of the project. Sixty percent of the funding will be provided by a three-year 6 percent coupon bond issued at par. Jupiter Ltd's unlevered cost of equity is 10 percent and its tax rate is 40 percent. The risk-free rate is 4 percent and the firm's unlevered beta is 1. The firm's expected cash flows before interest, depreciation and tax are: Year 50,000,000 65,000,000 60,000,000 Required: Calculate the APV of Jupiter Ltd's project and briefly explain why the project should be undertaken or why it should not