Propel Corporation plans to make a $$48\mathrm{.}6$ million investment, initially funded completely with debt. The free cash flows of

the investment and Propel's debt from the project are shown in Table $2$ below:

Propel's debt levels for the project will be according to the predetermined schedule shown in Table $2.$ Propel's debt cost of

capital is $7\mathrm{.}6\%,$ and its tax rate is $36\%.$ Propel also estimates an unlevered cost of capital for the project of $11\mathrm{.}3\%.$

Round all intermediate calculations to four decimal places.

Table $2$

a$.$ Determine the levered value of the project at each date and its initial NPV$.$

The levered value of the project at each date will be: $($Round all answers to two decimal places.$)$

Levered values $($$ million$)$

The project's NPV will be $