Suppose PMM, Inc. has an investment that costs $10,000,000 with expected EBIT (cash flows from operations) of $3,030,303 per year forever. The investment can be financed either with $10,000,000 in equity or with $5,000,000 of 10% debt and $5,000,000 of internally generated (equity) cash flows. The discount rate on an allequity-financed project in this risk class is 20%. The firm's marginal tax rate is 34%.

What's company's NPV valueif financed with internal equity(Hint: calculate the firm's value suppose it is an all-equity value and runs perpetually)