Suppose a company has a beta of 1.7, the market risk premium is 7.86% and the risk-free rate is 3.6%. the company has one outstanding bond issue with a YTM of 16.04%. Should the company pursue a project with an initial cost of $63,162 if the project generates cash flows of $25,074, $67,476 and $67,796 over years 4, 7, and 16 respectively? Assume that the companys equity and debt securities have total market value of $48.8M and $20.1M, respectively. The tax rate is 28.3%. Report the NPV of the project for your answer.