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The NuPress Valet Co. has an improved version of its hotel stand. The investment cost is expected to be $66,000,000 and will return $14,200,000 for

The NuPress Valet Co. has an improved version of its hotel stand. The investment cost is expected to be $66,000,000 and will return $14,200,000 for 4 years in net cash flows. The debt to equity ratio is 2. The cost of equity is 10%, the cost of debt is 5%, and the tax rate is 28%. What is the NPV of the project?

a.)

The NPV of the project is -$16,493,549.54.

b.)

The NPV of the project is -$16,493,549.54.

c.)

The NPV of the project is $49,506,450.46.

d.)

The NPV of the project is -$17,537,429.81.

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