Question: 4, A proposed project lasts three years and has an initial investment of $200,000. The after-tax cash flows are estimated at $82,120 for year 1,

4, A proposed project lasts three years and has an initial investment of $200,000. The after-tax cash flows are estimated at $82,120 for year 1, $163,560 for year 2, and $179,200 for year 3. The firm has a target debt/equity ratio of 1.35. The firm's cost of equity is 16.18% and its cost of debt is 11.38%. The tax rate is 34%. What is the NPV of this project?

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