question archive You are planning to issue debt to finance a new project

You are planning to issue debt to finance a new project

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You are planning to issue debt to finance a new project. The project will require

$20.01

million in? financing, and you estimate its NPV to be

$14.482

million. The issue costs for the debt will be

3.2%

of face value. Taking into account the costs of external? financing, what is the NPV of the? project?

pur-new-sol

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