Suppose XYZ is considering expanding their business. They hire an investment bank to help them raise $42,000,000. The bank recommends they raise the funds in the following manner.

60% debt financing- cost of debt is 6.2%

40% equity financing (stock)- cost of equity is 15.4%

The business is expected to generate $4,800,000 per year indefinitely (forever)

What is the Net Present Value of the investment? (NPV)

51,325,245

48,582,995

44,444,444

74,634,000