Please provide the intermediate steps in an understandable way how to calculate the NPV using WACC. I know that the WACC is 9.16%. Here is the correct answer: NPV = -108.6 (rounded in thousands?). DO NOT use Excel!

olanning to expand its business entering in the content production industry. It collected some nformation that will help make a decision about this project. - Sales related with the new project are expected to be 120 thousand per year; - The production costs are projected to be 40 thousand per year; - The new project would be developed in a place that will be rented for 16 thousand, per year. This new place has twice the space that it is really needed, and Netflop is considering to input into the new project only half of the total rent ( 8 thousand); - For this new project, accounts receivables should correspond to 2 months of sales; - The business will be run for 10 years. Vetflop will have to invest in new equipment with a total cost of 500 thousand, being 50% paid mmediately and the remaining at the end of the first year of production. The total amount of the equipment will be depreciated in a straight-line approach in 10 years (starting in year 1). Netflop's corporate income tax rate is 30%. (1 point) Compute the NPV of the project if it is to be financed with D/E of 0,3 and the cost of debt is 3%. Should the project be undertaken? [Hint: if you were not able to compute the discount rate, you may assume that it is 10% ]