Only accept hand-written answer in pdf file format. Keep at least 4 decimals in all calculations. PCT Inc. is considering a 7-year project which requires the purchase of a 5340.600 machine. This machine is the only asset in the asset class (CCA rate of 2596) and will be sold for 589.900 when the project ends. The project is expected to generate cash flows before tax of 5209.600 per year for 7 years. The project has the same risk as the existing assets of the firm and the firm's target debt-equity ratio is 0.55. The weigh. average cost of capital is 14.8%. The corporate tax rate is 32%. PCT's normal borrowing cost is 7.896. Loyal Bank offers a special loan of 5162.000 at 5.2% but charges 2% flotation cost and requires repaying 2/5 of the loan at the end of year 4. PCT pays the flotation cost with its cash on hand. Using the adjusted present value method. calculate the NPV of the project.