Question $5$

$5pts$

Mullen Group is considering adding another division that requires a cash outlay of $$30,000$ and is expected to generate $$7,750$ in after$-$tax cash flows each year for the next five years. The company's target capital structure is $40\%$ debt, $15\%$ preferred, and $45\%$ common equity. The after$-$tax cost of debt is $6\%,$ the cost of preferred is $7\%,$ and the cost of retained earnings is $12\%.$ The firm will not be issuing any new stock. What is the NPV of this project?

Your answer should be between $94\mathrm{.}50$ and $920\mathrm{.}42,$ rounded to $2$ decimal places, with no special characters.