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YEAR 0 1 2 3 4 5 Sales 1 3 7 , 5 4 1 . 0 0 1 3 7 , 5 4 1

YEAR 012345
Sales 137,541.00137,541.00137,541.00137,541.00137,541.00
Cost of Goods 68,626.0068,626.0068,626.0068,626.0068,626.00
S&A 30,000.0030,000.0030,000.0030,000.0030,000.00
Depreciation 21,725.0021,725.0021,725.0021,725.0021,725.00
Investment in NWC 1,183.00577.00577.00577.00577.00577.00
Investment in Gross PPE 108,625.00
The firm has a capital structure of 35.00% debt and 65.00% equity. The cost of debt is 10.00%, while the cost of equity is estimated at 13.00%. The tax rate facing the firm is 40.00%.(Assume that you can't recover the final NWC position in year 5. i.e. only consider the change in NWC for each year)
What is the NPV of the project? (Hint: Be careful about rounding the WACC here!)
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Answer format: Currency: Round to: 2 decimal places.

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