Webster's latest project has an initial cost of $1.23 million and unlevered perpetual cash flows...
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Finance
Webster's latest project has an initial cost of $1.23 million and unlevered perpetual cash flows of $238,000. The firm has a debt-equity ratio of .42, a pretax cost of debt of 7.6 percent, a cost of equity of 13.3 percent, and a tax rate of 21 percent. What is the NPV of the project?
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