Suppose ABC firm is considering an investment that would extend the life of one of its facilities for 4 years. The project would require upfront costs of $8.55M plus $28.77M investment in equipment. The equipment will be obsolete in (N+2) years and will be depreciated via straight-line over that period (Assume that the equipment can't be sold). During the next 4 years, ABC expects annual sales of 78M per year from this facility. Material costs and operating expenses are expected to total 33M and 7.02M, respectively, per year. ABC expects no net working capital requirements for the project, and it pays a tax rate of 43%. ABC has 84% of Equity and the remaining is in Debt. If the Cost of Equity and Debt are 18.21% and 5.55% respectively, Compute NPV(Evaluate the project only for 4years)