Using M&M propositions with corporate taxes and the following information, what is the value of the levered firm? EBIT. $80,000, Corporate Taxes 40% the firm borrows $400.000 at a rate of 9 a 5705 000 Ob $955 555 OC $520.000 od 5933 333 What is the net present value of a project if the required rate of return is 12 percent? The cash flows, in order, are - $42,398 (initial cost), $13,407 (year 1 CF), $21,219 (year 2 CF) and $17,800 (year 3 CF)