Phillips' current capital structure is comprised of $300,000,000 in debt, $150,000,000 in preferred equity, and $450,000,000 in common equity. Phillips currently has issued bonds that mature in 10 years with a coupon rate of 7.5% and a current market price of $865. Preferred shares of Phillips are trading at $67/ share and pay an annul dividend of $1.75/ share. Common stock of Phillips has a beta of 1.1 and trades at $46/ share. The 10 -year US treasury yield is 4.25%. The market risk premium is estimated at 7.75%. Their tax rate is 35%. What is the project's Net Present Value? Phillips' current capital structure is comprised of $300,000,000 in debt, $150,000,000 in preferred equity, and $450,000,000 in common equity. Phillips currently has issued bonds that mature in 10 years with a coupon rate of 7.5% and a current market price of $865. Preferred shares of Phillips are trading at $67/ share and pay an annul dividend of $1.75/ share. Common stock of Phillips has a beta of 1.1 and trades at $46/ share. The 10 -year US treasury yield is 4.25%. The market risk premium is estimated at 7.75%. Their tax rate is 35%. What is the project's Net Present Value