Please help

DO NOT USE EXCEL

Ramacavanfed Co. is looking into a project. initial investment cost $400,000 which also come with aCCA rate of 25%. project is 10 years long & therefore equipment is expected to be sold for $45,000.

its expected to generate before tax cash flow $80,000/annual , 10 years.

cost of unlevered capital is 13%

cost of debt is 6%.

corp tax rate is 45%.

Ramacavanfed Co plans to borrow $175,000 at3%. flotation cost is 4%. Fund requirement is thatRamacavanfed Co must repay 25% of the loan on year 5 and and the rest of the loan on year 10.

use adjusted present value method andcalculate the NPV of thisproject