Kalimo Inc. forecasts sales of $550,000 per year in the foreseeable future for a manufacturing project. Costs for this project are expected to be $420,000 per year. The initial investment is estimated to be $500,000. The firm has a corporate tax rate of 35%. The cost of unlevered equity for the firm is 13%. The cost of (perpetual) debt for Kalimo Inc. is currently 10%. The target capital structure for Kalimo Inc. s 30% (perpetual) debt and 70% common equity. (i) Use the FTE approach to compute the NPV of this project. (Hint: Use the levered firm's valuation (with taxes) equation to determine the dollar amount of debt! If you still don't know/remember the calculation, then use an assumed amount of $160,000 in your calculation!). Answer is $226,257 but show your work (ii) Use the WACC approach to compute the NPV of this project. Answer is $226,258 but show your work Kalimo Inc. forecasts sales of $550,000 per year in the foreseeable future for a manufacturing project. Costs for this project are expected to be $420,000 per year. The initial investment is estimated to be $500,000. The firm has a corporate tax rate of 35%. The cost of unlevered equity for the firm is 13%. The cost of (perpetual) debt for Kalimo Inc. is currently 10%. The target capital structure for Kalimo Inc. s 30% (perpetual) debt and 70% common equity. (i) Use the FTE approach to compute the NPV of this project. (Hint: Use the levered firm's valuation (with taxes) equation to determine the dollar amount of debt! If you still don't know/remember the calculation, then use an assumed amount of $160,000 in your calculation!). Answer is $226,257 but show your work (ii) Use the WACC approach to compute the NPV of this project. Answer is $226,258 but show your work