Question: Mullen Group is considering adding another division that requires a cash outlay of $30,000 and is expected to generate 57.770 in atter- tax cash flows

Mullen Group is considering adding another division that requires a cash outlay of $30,000 and is expected to generate 57.770 in atter- tax cash flows each year for the next five years. The company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6%, the cost of preferred is 7% and the cost of retained earnings is 12. The firm will not be issuing any new stock. What is the NPV of this project? Your answer should be between 94.50 and 920.42. rounded to 2 decimal places, with no special characters

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