CrochetCo is considering an investment in a project which would require an initial outlay of $350,000 and produce expected cash flows in years 1-5 of $95,450 per year.You have determined that the current after-tax cost of the firm's capital (required rate of return) for each source of financing is as follows: 
long-term debt currently makes up 25% of the capital structure,preferred stock 15%,and common stock 60%.What is the net present value of this project?
Definitions:
Floating-Rate Debt
A type of debt instrument with interest rates that adjust periodically based on a benchmark interest rate or index.
Fixed Rate Debt
A type of loan or security with an interest rate that remains constant throughout the life of the loan or security.
Interest Rate Swaps
Financial derivatives contracts where two parties agree to exchange one stream of interest payments for another, based on a specified principal amount.
Net Interest
Net interest refers to the difference between the interest income generated by banks or financial institutions and the amount of interest paid out to their depositors.
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