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The firm has forecasted cash flows of - $ 2 1 6 , 0 0 0 ; $ 6 0 , 3 4 3 .

The firm has forecasted cash flows of -$216,000; $60,343.13; $74,913.12; $58,267.30; $92,961.46 respectively for Project B in years 0,1,2,3, and 4. The firm has a cost of equity of 11.83% and a before-tax cost of debt of 10.23% and a cost of preferred stock of 7.14%. The current price of common stock is $15 with bonds currently priced at $800. Preferred stock is currently selling for $98 per share. The firm currently has 40,000 bonds outstanding. It also has 100,000 shares of preferred stock outstanding. The firm has 4,000,000 shares of common stock outstanding.
What is the NPV (net present value) using the market value approach?
$

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