Michael Company has a marketing opportunity that will cost $$591,916,$ it will increase net income by $$241,509$ the first year, $$233,994$ the second year, $$299,912$ the third year and $$205,646$ the fourth year. Using the WACC as the discount rate what is the overall profit or loss of this marketing campaign in todays dollars?

Michael has issued $18,747$ $$1000$ face value bonds currently selling at $95\%$ of par. They have $1,001,723$ shares of common stock outstanding currently selling at $$62$ and no preferred stock. The after tax cost of debt is $4\mathrm{.}57\%$ and cost of equity is $13\%.$