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Riverside's capital structure is 40% debt, 5% preferred, and 55% common equity. The protax cost of debt is 7.5% and Riverside has a corporate tax

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Riverside's capital structure is 40% debt, 5% preferred, and 55% common equity. The protax cost of debt is 7.5% and Riverside has a corporate tax rate of 39%. Their cost of preferred is 9%, and the cost of common equity is 13%. Riverside is considering a project with an initial cost of $325,000 and yearly cash inflows of $87,000, $297,000, and $116,000 over the next three years, respectively. What is the projected NPV of this project? $78,011 23 $89,211.04 $94.208.18 $91,042.64 $88,879.97

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