Landman Corporation (LC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of .75. It's considering building a new $60 million manufacturing facility. This new plant is expected to generate aftertax cash flows of $7.3 million in perpetuity. The company raises all equity from outside financing. There are three financing options: 1- A new issue of common stock: The flotation costs of the new common stock would be 9 percent of the amount raised. the required return on the company's new equity is 15 percent. 2. A new issue of 20-year bonds: the flotation costs of the new bonds at an annual coupon rate of 5.3 percent, they will sell at par. 3. increased use of accounts payable financing: Because this financing is part of the company's ongoing daily business, it has no flotation costs and the company assigns it a cost that is the same as the overall firm WACC. Management has a target ratio of accounts payable to long-term debt of .10 Assume there is no difference between the pretax and aftertax account payable costs. What is the NPV of the new plant? Assume that LC has a 25 percent tax rate.