... 16 SCG Logistics is planning a new project with an initial investment of 520000. The project will produce cash inflow of 208000 from years 1 to 7. The firm has bonds with yield to maturity of 11% and cost of equity of 15 percent. The debt-equity ratio is 0.5. The tax rate is 20%. The project has similar risk to the firm current operations. What is the net present value of the project? a) 204,974 b) 293,395 c) 204,974 401,911 225,070 124,592