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River Rocks realizes that it will have to raise the financing for the acquisition of Raft Adventures by issuing new debt and equity. The acquisition project has a net present value of $36.48 million. The firm estimates that the direct issuing costs will come to $6.72 million. How should it account for these costs in evaluating the project? Should River Rocks proceed with the project? .. How should it account for these costs in evaluating the project? (Select the best choice below.) O A. The direct issuing costs should be included as a direct cost of the acquisition, i.e., NPV = $36.48 million - $6.72 million = $29.76 million OB. The direct issuing costs should not be included as a direct cost of the acquisition because it is a sunk cost. O c. The direct issuing costs should be included as a direct cost of the acquisition, i.e., NPV = $36.48 million + $6.72 million = $43.20 million OD. The direct issuing costs should be included as a direct cost and should be amortized over the life of the project. You are planning to issue debt to finance a new project. The project will require $19.57 million in financing and you estimate its NPV to be $14.792 million. The issue costs for the debt will be 2.6% of face value. Taking into account the costs of external financing, what is the NPV of the project? .. The new NPV will be $(Round to the nearest dollar.)