Your firm is considering a $ 130 million investment to launch a new product line. The project is expected to generate a free cash flow of $ 15 million per year, and its unlevered cost of capital is 7 % . To fund the investment, your firm will take on $ 78 million in permanent debt. a. Suppose the marginal corporate tax rate is 36 % . Ignoring issuance costs, what is the NPV of the investment? b. Suppose your firm will pay a 4 % underwriting fee when issuing the debt. It will raise the remaining $ 52 million by issuing equity. In addition to the 7 % underwriting fee for the equity issue, you believe that your firm's current share price of $ 34 is $ 7 per share less than its true value. What is the NPV of the investment in this case? (Assume all fees are on an after-tax basis.) a. Suppose the marginal corporate tax rate is 36 % . Ignoring issuance costs, what is the NPV of the investment? Ignoring issuance costs, the NPV of the investment is $