Need answer to question 1 part b. Not sure if my calculations is correct of - 0.41 npv

Please make sure it is part b npv I got part a twice previously

PART B: SHORT PROBLEMS (30 Marks) Problem 1 (12 marks) (a). NIT is going to adjust its current Debt/Equity ratio from 1.5 to 2. Using the information in below, calculate the cost of equity of NIT after the capital restructure. If D/E=1.5 If D/E=2 Cost of debt 6.5% 12% ? 30% 6% Cost of equity Tax rate 30% (b). NBT Lid plans to invest in a project with three years' life and will finance the initial investmen using $3m debt plus $2m equity. NBT will repay $1 million debt at the end of each year until it is fully repaid. Other important information is provided in the table below. Calculate the adjusted present value (APV) of the project (8 marks 8% 1.2 cost of debe Asset beta (unlevered firm beta) Market risk premium Risk free interest rate Free cash flow (unlevered) 4% $3m Ru= 4%f 17%