5. A rm is proposing to undertake a scale expansion. It would cost $40 million and produce an expected after-tax cash ow of $5 million a year in perpetuity before it is taxed at the corporate rate of 34%. The rm is nanced 40% by debt. The expected return on the rm's equity is 20% and the interest rate on its debt is 12%. What is the NPV of the project using the weighted average cost of capital