Your firm is considering a $ 220 million investment to launch a new product line. The project is expected to generate a free cash flow of $ 22 million per year, and its unlevered cost of capital is 10 %. To fund the investment, your firm will take on $ 132 million in permanent debt. a. Suppose the marginal corporate tax rate is 29 %. Ignoring issuance costs, what is the NPV of the investment? b. Suppose your firm will pay a 2 % underwriting fee when issuing the debt. It will raise the remaining $ 88 million by issuing equity. In addition to the 5 % underwriting fee for the equity issue, you believe that your firm's current share price of $ 31 is $ 6 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.)