You are a financial manager at ABC Corp. and are trying to assess the following project. The project will require a $$250$ million initial investment and will generate free

cash flows in years $1-4$ as shown in the table below. ABC Corp maintains a constant debt$-$to$-$enterprise value ratio of $25\%$ and its current WACC is $13\mathrm{.}6\%.$ Assuming that

ABC Corp. takes the project, how much additional debt must the firm issue in order to maintain a constant debt$-$to$-$enterprise value ratio of $25\%?$ Select One.

I. $$52\mathrm{.}5$ million

II$.$ $$13\mathrm{.}12$ million

III. $$75\mathrm{.}62$ million

IV$.$ $$62\mathrm{.}5$ million

V$.$ $$32\mathrm{.}54$ million