XYZ is expanding their business. They need to invest $67,000,000 in order to do so. The Investment Bank recommends they raise the funds in the following manner:

60% equity financing cost of equity 13%, and 40% debt financing- cost of debt 6%.

Project expected to generate in year one 25 Million, in year two 40 Million and in year three 17 Million.

What is the net present value (NPV) of this investment?

47,250,324

68,328,938

74,650,250

9,043,000