The Lobster Corporation is planning the construction of a new restaurant in London. The initial cost of the investment is £1,000,000. The project will generate cash flows of £100,000 per year and cash flows occur at a frequency of 12 months indefinitely. The corporation has a total value of £60 million and has outstanding debt of £30 million. The corporate tax rate is 20%. The firm has an after tax cost of debt of 6% and a cost of equity of 10.2%. 

What is the NPV of the project if undertaken today?