You are considering a new project that requires an initial investment of $500. After year 3, cash flows will grow at a rate of 3% each year into perpetuity. The corporate tax rate is Tc=35%. R= 11.30% What is the NPV of the project?

Use this chart for your calculations.

Year 0 - Year 1- Year 2- Year 3- TV

EBIAT 0 20 40 60

Depreciation 0 10 10 10

Initial CAPX 500 0 0 0

Ongoing CAPX 0 5 10 20

Current Assets 0 30 40 50

Current Liabilities 0 15 20 30

Would solve it and explain how we get every number?