correct answer please

maximum price - $523544.67 and APV - $108437.005 is wrong

Zoso is a rental car company that is trying to determine whether to add 25 cars to its fleet. The company fully depreciates all its rental cors over five years using the straight- line method. The new cars are expected to generate $165,000 per year in eamings before taxes and depreciation for five years. The company is entirely financed by equity and has a 35 percent tax rate. The required return on the company's unievered equity is 13 percent, and the new fleet will not change the risk of the company. a. What is the maximum price that the company should be willing to pay for the new fleet of cars if it remains an all-equity company? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Maximum price b. Suppose the company can purchase the fieet of cars for $420.000. Additionally, assume the company can issue $285.000 of fiveyear, 6 percent debt to finance the project. All principal will be repaid in one balloon payment at the end of the fith year. What as the ApV of the project? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Adjusted present value