8. value: 10.00 points A project costs $1 million and has a base-case NPV of exactly zero (NPV = 0). a. If the firm invests, it has to raise $680,000 by a stock issue. Issue costs are 19.45% of net proceeds. What is the project's APV? (A negative answer should be indicated by a minus sign.) Adjusted present value $ b. If the firm invests, there are no issue costs but its debt capacity increases by $680,000. The present value of interest tax shields on this debt is $94,000. What is the project's APV? Adjusted present value $