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Waterdeep Adventure Travel has an unlevered cost of equity of 18.8%, and a cost of debt of 6.1%. Their tax rate is 36%, and they

Waterdeep Adventure Travel has an unlevered cost of equity of 18.8%, and a cost of debt of 6.1%. Their tax rate is 36%, and they maintain a capital structure of 52% debt and the rest equity. They are considering giving cave exploration tours to their menu of adventure vacations. Buying the needed equipment would cost $53,584, and would bring in $22,809 one year from today, and $88,237 two years from today. What is the NPV of this project, using the WACC method, if they invest today?

Please give your answer to the nearest dollar.

the correct answer is 1571.857

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