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Waterdeep Adventure Travel has an unlevered cost of equity of 13.9%, and a cost of debt of 5.7%. Their tax rate is 45%, and they

Waterdeep Adventure Travel has an unlevered cost of equity of 13.9%, and a cost of debt of 5.7%. Their tax rate is 45%, and they maintain a capital structure of 48% debt and the rest equity. They are considering giving cave exploration tours to their menu of adventure vacations. Buying the needed equipment would cost $73,708, and would bring in $23,316 one year from today, and $87,167 two years from today. What is the NPV of this project, using the WACC method, if they invest today?

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