The Canberra Martime (CM) Corporation has a total market capitalization of $2 billion dollars. It is currently considering a project which requires an initial investment of $120 million dollars. The project will increase pre-tax cash flow by $30 million per year indefinitely. CM faces a corporate tax rate of 30%. CM plans to fund the project with 60% equity and 40% debt. The debt is risk free with a required rate of return of 3%. The required rate of return is 10% if the project is fully financed by equity. Calculate the project NPV using all three approaches APV, FTE and WACC.