Retlaw Corporation (RC) manufactures time-series photographic equipment. It is currently at its target debl-equity ratio of 075. It's considering building a new $40 million manufacturing facility. This new plant is expected to generate after-tax cash flows of $76 million in perpetuity. The company raises all equity from outside financing. There are three financing options. 1 A new issue of common stock The flotation costs of the new common stock would be 9 of the amount raised the required return on the company's new equity is 16% 2. A new issue of 20-year bonds. The flotation costs of the new bonds would be on the proceeds if the company issues these new Bonds at an annual coupon rate of 8,0% they will sell at par 3. Increased use of accounts payable financing Because this hancing the day business hos no otation costs, and the company assigns it a cost that is the same as the Menthe target ratio of accounts payable to long-term debt of 0170 (Assume there is no creerence between the one after tax accounts payable cast) What is the NPV of the new plant? Assume that RC has a 35 taxate Enter the answerin dollars. Do not round Intermediate calculations. Round the WACC percentage to 2 decimal places. Round the final two decimal place. Omit $ sign in your response ) NPV S