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Your company is considering a project that will cost $1.2 million, and generate after-tax cash flows of $550,000 for 5 years. The WACC is 10%

Your company is considering a project that will cost $1.2 million, and generate after-tax cash flows of $550,000 for 5 years. The WACC is 10% and the target capital structure is 37.5% debt and 62.5% equity. The floation cost for debt is 5% and the flotation cost for equity is 7%. What is the NPV of the project?

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