Question: Can you please show your work and explain; I was unable to understand the other explanation on chegg. Thanks 2. Hilltop. Inc. has a capital

 Can you please show your work and explain; I was unable

Can you please show your work and explain; I was unable to understand the other explanation on chegg. Thanks

2. Hilltop. Inc. has a capital structure which is based on 30 percent debt, 10 percent prefeired stock, and 60 percent common stock. The pretax cost of debt is 8 percent, the cost of preferred is 9 percent, and the cost of common stock is 11 percent. The company's tax rate is 34 percent. The company is considering a project that is equally as risky as the overall firm. This project has initial costs of $250,000 and cash inflows of $94,000 a year for three years. What is the projected net present value of this project? a. $-15,823.76 b. S-12.414.07 c. S-9,127.53 d. $1,083.19

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