The NuPress Valet Co. has an improved version of its' hotel stand. The investment cost is expected to be 72 million dollars and will return 13.50 million dollars for 5 years in net cash flows. The ratio of debt to equity is 1 to 1. The cost of equity is 13%, the cost of debt is 9%, and the tax rate is 34%. What is the NPV of the project?
A) - 4,500,000
B) -24,517,378
C) -19,489,708
D) -20,123,870

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The Answer of The NuPress Valet Co. has an improved version of its' hotel stand. The investment cost is expected to be 72 million dollars and will return 13.50 million dollars for 5 years in net cash flows. The ratio of debt to equity is 1 to 1. The cost of equity is 13%, the cost of debt is 9%, and the tax rate is 34%. What is the NPV of the project?
A) - 4,500,000
B) -24,517,378
C) -19,489,708
D) -20,123,870