Michael Company has a marketing opportunity that will cost $$523,032,$ it will increase net income by $$237,941$ the first year, $$226,181$ the second year, $$322,444$ the third year and $$155,632$ the fourth year. Using the WACC as the discount rate what is the overall profit or loss of this marketing campaign in todays dollars?

Michael has issued $17,732$ $$1000$ face value bonds currently selling at $96\%$ of par. They have $1,069,472$ shares of common stock outstanding currently selling at $$60$ and no preferred stock. The after tax cost of debt is $4\mathrm{.}39\%$ and cost of equity is $15\%.$