Crawford Inc is considering a project that will require an initial investment (year 0 ) of $3,000,000. The project will generate no cash flows in the first 3 years, but it will generate an inflow of $253,000 exactly four years from today. From that point forward, annual inflows will grow at a rate of 4% per year forever. The cost of What is the project's NPV? Round your answer to the nearest dollar. What is Todd Company's pre-tax cost of debt if the firm has outstanding bonds with par value of $1,000, a coupon rate of 8%, semi-annual coupon payments, 20 years remaining until maturity, and a market price of $1,058 ? Enter your answer as an annualized rate in decimal format, and show four decimal places. For example, if your answer is 5.1%, enter .0510