Your corporation is considering investing in a new product line. The annual revenues $($sales$)$ for the new product line are expected to be $$178,897\mathrm{.}00$ with variable costs equal to $50\%$ of these sales. In addition annual fixed costs associated with this new product line are expected to be $$62,910\mathrm{.}00.$ The old equipment currently has no market value. The new equipment cost $$77,457\mathrm{.}00.$ The new equipment will be depreciated to zero using straight$-$line depreciation for the three$-$year life of the project. At the end of the project the equipment is expected to have a salvage value of $$14,459\mathrm{.}00.$ An increase in net working capital of $$68,091\mathrm{.}00$ is also required for the life of the project. The corporation has a beta of $1\mathrm{.}684,$ a tax rate of $26\mathrm{.}53\%,$ and a target capital structure consisting of $42\mathrm{.}73\%$ equity and $57\mathrm{.}27\%$ debt. Treasury securities have a yield of $1\mathrm{.}43\%$ and the expected return on the market is $11\mathrm{.}76\%.$ In addition, the company currently has outstanding bonds that have a yield to maturity of $4\mathrm{.}97\%.$

For answers that are dollar amounts, please round to the nearest two decimal places. For answers that are a percentage, please be sure to enter your answer as a percentage $($for example, $\mathrm{.}1234$ becomes $12\mathrm{.}34\%).$

What is the total initial cash outflow? $($show as negative number$)$: $

$-77457$

What are the estimated annual operating cash flows? $

$26347\mathrm{.}62$

What is the terminal cash flow? $

$78714\mathrm{.}03$

What is the corporations cost of equity? $

$18\mathrm{.}83$

What is the WACC?

$10\mathrm{.}14$

$\%$

What is the NPV for this project? $

$-21260\mathrm{.}14$