Use the following information to answer the question(s) below. Taggart Transcontinental is considering a $250 million investment to launch a new rail line. The project is expected to generate a free cash flow of $32 million per year, and its unlevered cost of capital is 8%. Taggart's corporate tax rate is 21%. Taggert has 4 million shares of stock outstanding. Assuming that to fund the investment Taggart will take on $250 million in permanent debt and assuming Taggart will incur a 2% (aftertax) underwriting fee on the new debt issue, the NPV of Taggart's new rail line is closest to: $235 million