This the problem I am having difficulty with:Calculate the NPV of a project given the following and should the company accept or reject the project.It is estimated that the project will deliver $25,000 operating profit each year for 12 years. The firm can borrow as much as they like from their bank (which is being bailed out by the Federal Government) at 10%.They have no retained earnings available - they are paying all their net profit out in dividends at $2.00 per share.They can sell stock at $20.00 with a flotation cost of $4.00 per share. The stock's earnings/dividends are growing at 6%.They are in a 40% marginal tax bracket.The Board of Directors has determined a target capital structure of 60% debt and 40% common equity. - they have no preferred stock.The machine they are considering costs $150,000.

Please show the formulas and work used.