Use the following information to answer the next five questions: Consider the after-tax cash flows below from a project that is being considered by Despondus Corporation. Since the project is an extension of the firm's current business, it carries the same risk as the overall firm.

Year	0	1	2	3	4	5
Cash Flow	-$241,000	$90,000	$66,000	$114,000	$95,000	$100,000

Despondus Corporation's common stock is currently priced at $148.74, and there are 561,000,000 shares outstanding. A dividend of $3.57 per share was just paid, and dividends are expected to grow at a constant rate of 7.56% per year.

The company has 8,680,000 bonds outstanding that mature in 21 years and are currently priced at $940 per bond. The coupon rate is 16.63%, and the bonds make semiannual interest payments. The company's tax rate is 34%.

-What is Despondus Corporation's after-tax cost of equity?

-What is Despondus Corporation's after-tax cost of debt?

-What is Despondus Corporation's weighted average cost of capital (WACC)?

-What is the net present value of the project? (Round to the nearest dollar.)

-Should the project be accepted? Explain your answer; a simple 'yes' or 'no' will result in no points for this part of the question