The fоllоwing tаble prоvides free cаsh flow (FCF) forecаsts for a project. The project requires an investment of $200 million, of which $100 million will be borrowed. The firm does not maintain a constant debt-to-value ratio. It expects to reduce its debt as per the debt schedule provided below. The firm’s unlevered cost of capital is 10%. The cost of borrowing is 6% and the firm faces a tax rate of 30%. All data in $ millions Year 0 1 2 3 4 Free Cash Flow 60 60 60 60 Debt schedule 100 85 75 65 55 The NPV of this investment is: